The article discusses the ongoing criminal trial of fintech founder Charlie Javice, accused by JPMorgan Chase of fraudulently inflating customer numbers to sell her company Frank. Javice argues that JPMorgan's claims stem from 'buyer's remorse' following a government change affecting financial aid forms. Additionally, it highlights Varo's challenges in fundraising amidst leadership changes and Bybit's significant security breach resulting in a massive theft of Ethereum.
"JPMorgan Chase alleges that Charlie Javice helped 'fake millions of customers' to induce the bank into purchasing her company Frank for $175 million."
"Javice claims that the financial services giant had 'buyer's remorse' due to a change in the government’s form-filling process for financial aid."
"Fintech Varo has closed on $29 million so far in its attempt to raise a $55 million Series G round after CEO Colin Walsh stepped down."
"Bybit's attack resulted in the theft of approximately 401,346 ETH, valued at around $1.4 billion, according to CEO Ben Zhou."
Collection
[
|
...
]