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.

All the business magazines that lauded her #CharlieJavice equally asked no questions https://www.forbes.com/profile/charlie-javice/?sh=577561d09619 #Forbes
Charlie Javice

Charlie Javice on the 2019 30 Under 30 - Finance - Frank's software aims to make the application process for student loans faster and easier. Javice founded

Forbes
@athenamedia My own sense is that this plot already existed in Czarist Russia. It is Gogol's Dead Souls, for our time - with the dead souls being fictitious students and their debt. https://limitedinc.blogspot.com/2023/01/chichikov-and-charlie-javice.html
Chichikov and Charlie Javice

economics, literature, politics, culture