{"id":92519,"date":"2025-03-23T03:08:40","date_gmt":"2025-03-23T03:08:40","guid":{"rendered":"https:\/\/neclink.com\/index.php\/2025\/03\/23\/charlie-javice-trial-becomes-a-master-class-in-hubris-for-both-sides\/"},"modified":"2025-03-23T03:08:40","modified_gmt":"2025-03-23T03:08:40","slug":"charlie-javice-trial-becomes-a-master-class-in-hubris-for-both-sides","status":"publish","type":"post","link":"https:\/\/neclink.com\/index.php\/2025\/03\/23\/charlie-javice-trial-becomes-a-master-class-in-hubris-for-both-sides\/","title":{"rendered":"Charlie Javice trial becomes a master class in hubris for both sides"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p id=\"speakable-summary\" class=\"wp-block-paragraph\">Charlie Javice\u2019s high-profile fraud trial has become a showcase of embarrassing missteps on both sides, with eyebrow-raising details about how JPMorgan Chase was allegedly deceived into buying her startup, Frank, for $175 million when it had just 300,000 customers instead of four million.<\/p>\n<p class=\"wp-block-paragraph\">Per a new <a rel=\"nofollow\" href=\"https:\/\/www.wsj.com\/finance\/frank-fraud-trial-javice-jpmorgan-chase-21a8ba8f?mod=hp_featst_pos3\">WSJ article<\/a>, one pivotal moment came when former Frank engineer Patrick Vovor testified that he refused Javice\u2019s request to create fake user data just one week before the sale, recalling she said to him: \u201cDon\u2019t worry. I don\u2019t want to end up in an orange jumpsuit.\u201d When Vovor declined, Javice allegedly turned to a math professor to generate synthetic user data, which was then submitted to JPMorgan. (In court, Javice\u2019s legal team painted Vovor as a scorned suitor.)<\/p>\n<p class=\"wp-block-paragraph\">In addition to JPMorgan\u2019s failure to properly vet Frank\u2019s user base, other uncomfortable details have been surfaced, including that Leslie Wims Morris, who led the deal at JPMorgan, reportedly sent a note to her team,  underlining segments from CEO Jamie Dimon\u2019s annual letter to investors in 2021 and adding that sometimes \u201cthere\u2019s no need to do analysis at all.\u201d\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Javice\u2019s attorneys said in court that it\u2019s evidence JPMorgan didn\u2019t think it needed to check its work, but Morris testified that it was tongue-in-cheek and written as \u201ca joke to my team.\u201d<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/techcrunch.com\/2025\/03\/22\/charlie-javice-trial-becomes-a-master-class-in-hubris-for-both-sides\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Charlie Javice\u2019s high-profile fraud trial has become a showcase of embarrassing missteps on both sides, with eyebrow-raising details about how JPMorgan Chase was allegedly deceived<\/p>\n","protected":false},"author":1,"featured_media":92520,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[149],"tags":[],"class_list":["post-92519","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/posts\/92519","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/comments?post=92519"}],"version-history":[{"count":0,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/posts\/92519\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/media\/92520"}],"wp:attachment":[{"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/media?parent=92519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/categories?post=92519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/neclink.com\/index.php\/wp-json\/wp\/v2\/tags?post=92519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}