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Charlie Javice ’s mellow - profile fraud test has become a showcase of sticky missteps on both sides , with eyebrow - raising detail about how JPMorgan Chase was allegedly deceived into buy her startup , Frank , for $ 175 million when it had just 300,000 customers instead of 4 million .
Per a newWSJ article , one polar moment come when former Frank engine driver Patrick Vovor testify that he refused Javice ’s postulation to make fake user data point just one week before the sale , come back she sound out to him : “ Do n’t worry . I do n’t want to terminate up in an orange jump suit . ” When Vovor refuse , Javice allegedly turn to a maths prof to generate synthetic user data , which was then posit to JPMorgan . ( In court , Javice ’s effectual team paint Vovor as a scorned suitor . )
In addition to JPMorgan ’s bankruptcy to in good order vet Frank ’s user base , other uncomfortable detail have been surface , let in that Leslie Wims Morris , who go the batch at JPMorgan , reportedly sent a note to her team , underline segments from CEO Jamie Dimon ’s yearly alphabetic character to investor in 2021 and adding that sometimes “ there ’s no need to do analytic thinking at all . ”
Javice ’s lawyer suppose in court that it ’s evidence JPMorgan did n’t think it postulate to check its work , but Morris testified that it was tongue - in - nerve and written as “ a joke to my squad . ”
