‘Is this genuine?’ JPMorgan court docket submitting reveals Frank workers questioned stats right before acquisition

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Staff members of a startup purchased by JPMorgan Chase expressed disbelief when the firm’s founder directed them to raise their buyer rely forward of the acquisition, according to internal messages introduced Thursday in a authorized submitting.
The founder, Charlie Javice, instructed personnel to improve “general public-experiencing figures” of university aid system Frank to 4.25 million prospects in January 2021, JPMorgan alleged in the filing.
“Do we definitely have 4.25M college students?” a single Frank staff questioned in a January 2021 Slack thread.

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