Big news about a startup called Frank! It was bought by a huge bank, JPMorgan Chase, for $175 million. But now, there's a trial because the bank says it was tricked.
The startup's founder, Charlie Javice, is accused of lying about how many customers Frank had. The bank says they were told it had millions of customers, but it really only had a few hundred thousand.
- Javice and her co-worker are accused of making up fake customer information.
- JPMorgan Chase says they made a big mistake buying Frank.
- The trial is happening now to decide if they committed a crime.
| Fact | Number |
|---|---|
| Price JPMorgan paid for Frank | $175 million |
| Fake Customers Claimed | 4.25 million |
| Real Customers | ~300,000 |
