The founder of Frank, a student finance platform acquired by JPMorgan Chase, told her staff to change its website to show it had many more users than it actually did, Joshua Franklin of The Financial Times reports, citing allegations made in a court filing. JPMorgan alleges that when Charlie Javice, founder of Frank, was meeting with a banker about the potential sale of Frank, she had her team change its public-facing numbers to show it had 4.25M student users, when in fact it only had 300,000 at the time.
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