In December 2022, JP Morgan Chase filed suit against Charlie Javice, the 30-year-old founder of fintech startup Frank, which the bank purchased for $175 million.Court documents depict an alleged deception that began in 2021 when Javice approached the bank about an acquisition, claiming that Frank had 4.25 million users.Here's more from WSJ:"Rather than reveal the truth, Javice first pushed back on [JPMorgan's] request, arguing that she could not share her customer list due to privacy concerns," the bank said in its court filing.It was prompted by Morgan's request that Javice prove Frank had the number of subscribers claimed.The suit alleges Javice first refused, citing privacy concerns, then invented not only the names of fake customers but also added "addresses, dates of birth, and other personal information for 4.265 million 'students' who did not actually exist.""