Jan 28, 2023

28-Year-Old Scams JP Morgan for $175 Million

Posted by in categories: education, law, media & arts

Do we have a new Elizabeth Holmes?

To be fair, it seems JP Morgan was only able to check the emails after they acquired the platform since they were concerned about breaching data privacy prior to becoming its new legal caretakers.

Then again, it might be because “old companies” are having difficulty identifying new scams.

Uplevel your news reading experience with Ground News using our link: https://ground.news/wsm.

In 2021 JP Morgan acquired a student aid website called withfrank.org for $175 million. Now the bank is accusing Frank of being a massive fraud. So what is going on?

0:00 — 2:10 Intro.
2:11 — 3:25 Ground News.
3:26 — 5:19 The rise of Frank.
5:20 — 7:38 JP Morgan Acquisition.
7:39 — 10:08 The fraud.
10:09 — 12:14 The fraud unravels.
12:15 Comparison to Elizabeth Holmes.

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