Jeff JarvisJan 21, 2023

Amazing story. JPMorgan sure did bad due diligence....
Headline: The Young Founder Who Fooled JPMorgan, According to JPMorgan
Quote: All along, Ms. Javice was making frequent media appearances. In December 2017, she wrote an opinion piece for The New York Times with the headline “The 8 Most Confusing Things About FAFSA.” The piece contained so many errors that it required an eight-sentence correction.

https://www.nytimes.com/2023/01/21/business/jpmorgan-chase-charlie-javice-fraud.html?smid=tw-share

JPMorgan Paid $175 Million for a Business It Now Says Was a Scam

A young founder promised to simplify the college financial aid process. It was a compelling pitch. Especially, as now seems likely, to those with little firsthand knowledge of financial aid.

Show thread[email protected]
@jeffjarvis Filling out the FAFSA doesn't require a start-up or bank. We at public libraries, school counselors, etc. help with this sort of thing all the time FOR FREE.
Jan 21, 2023 at 12:17pmWeb