The Office of the Comptroller of the Currency, OCC, has scheduled a specific audit of JPMorgan’s deal making after the company bought dozens of smaller companies in 2021 through 2022, Joshua Franklin of The Financial Times reports, citing people familiar with the matter. This review includes a $175M deal with a founder of a start-up who was recently criminally charged for defrauding the bank, where she allegedly told JPMorgan her company had 4.25M customers when it only has 300,000. The audit was scheduled prior to the lawsuit, but the fraud allegations will become a crucial area of focus, people told the Times. Reference Link
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