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JPMorgan Ordered to Cover Millennial CEO’s Legal Fees

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JPMorgan Chase must pay the legal fees of Charlie Javice, the millennial tech CEO whose startup the bank acquired for $175 million and who the bank is now suing for fraud.

As The Daily Beast, JPMorgan claims in a lawsuit that Javice fabricated user data for her company, Frank Financial Aid, before selling it to the bank.

According to the suit, Javice and Frank’s chief growth officer, Olivier Amar, duped JPMorgan into believing their startup had 4 million users when it had fewer than 300,000. Separately, Javice is

 

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JPMorgan must pay Charlie Javice’s legal fees despite suing her in $175M fraud caseJPMorgan Chase has been ordered to pay Charlie Javice’s legal fees, a judge decided on Monday despite the fact that JPMorgan is suing Javice. The bank claimed Javice defrauded it in the $175 …
Source: nypost - 🏆 91. / 67 Read more »