Charlie Javice, once hailed in Forbes 30 Under 30, faces legal troubles reminiscent of those experienced by other notorious entrepreneurs. She is on trial for fraud over the $175 million sale of her company, Frank, to JP Morgan Chase, where she falsely claimed a large user base to induce the sale. JP Morgan later sued her, alleging that the user numbers were largely fabricated. Javice's actions have drawn comparisons to other infamous business scandals, raising scrutiny over her previous accolades and the implications of the 'Forbes curse'.
The government contends that Javice had first asked Frank's director of engineering to create an artificially generated dataset, asserting its legality despite ethical concerns.
Javice is accused of inflating user numbers, claiming 4.25 million student customers when there were only about 300,000, leading to a significant legal battle.
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