Charlie Javis’ high-profile fraud trial has become a demonstration of shameful misconception on both sides, with the details of eyebrows about how JP Morgan Chase was allegedly cheated in buying his startup, for Frank, $ 175 million when he had only 300,000 customers instead of four million.
A new copy WSJ ArticleA decisive moment came when former Frank Engineer Patrick Vovor testified that he denied Javis’ request to create fake user data a week before the sale, recalling him, recalling: “Don’t worry. I don’t want to finish in an orange jumpsuit.” When Vovor refused, Javis allegedly moved to a mathematics professor to generate synthetic user data, which was then presented to JP Morgan. (In court, Jivis’s legal team depicted Vovor as a disdain.)
In addition to JP Morgan’s failure, other uncomfortable details have been revealed to properly vette Frank’s user base, including Leslie Vims Morris, who led the deal in JP Morgan, allegedly sent a note to his team, in 2021, the annual letter of CEO Jamie Dimon was denied and no analysis. ”
Javis’s lawyers said in the court that it was evidence that JP Morgan did not think that he needed to investigate his work, but Morris testified that it was a tongue in-in-gala and was written as “a joke for my team”.
