This is certainly a white collar crime, Startup founder accused of tricking JPMorgan
In a complaint filed on Tuesday, the Department of Justice accuses the fintech founder of “falsely and dramatically inflating” the number of clients her startup served to “fraudulently induce” JPMorgan Chase into acquiring the company.
I mean, really though, shouldn’t JPMorgan Chase have done a better job of research before shelling out $175 million dollars for a startup?
Is this really worth taxpayer funds to prosecute?
If any institution can absorb $175 million dollars, it’s surely JPMorgan Chase.