Former executives at Frank college aid startup plead not guilty to JPMorgan fraud

The founder and a former executive of college financial aid startup Frank pleaded not guilty on Thursday to U.S. criminal charges of defrauding JPMorgan Chase (JPM.N) into buying the company for $175 million.

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MicroWave, 1 year ago

Prosecutors have said Javice repeatedly lied about Frank to the largest U.S. bank, including by claiming that she had lined up 4.25 million student customers when in fact she had data for only about 300,000.

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