Founder who sold to JP Morgan for $175M allegedly fabricated 4M accounts

-- worked for a startup that fabricated 80% of users - raised 3 million - i couldnt figure out why even though user growth was insane - support requests low - product was always broken - no product feedback etc - after 8 months - i dumped the emails of the users manually - full of skfljir@sdlfjd.rlkwjr - literally - many &quot;emails&quot; were just not even tlds - just junk - confronted the founder - was fired - told the investors - they shrugged - said hope he can find product market fit - strangest experience of my career --<p>JPM legal claim: <a href="https:&#x2F;&#x2F;s3.documentcloud.org&#x2F;documents&#x2F;23570243&#x2F;frank_suit.pdf" rel="nofollow">https:&#x2F;&#x2F;s3.documentcloud.org&#x2F;documents&#x2F;23570243&#x2F;frank_suit.p...</a><p>- said they had 4.25 million users to sell it - then 4.265 million accounts generated - guess they actually had 250k accounts - yikes --<p>&quot;The Frank engineer was not persuaded and declined to participate in the scheme, and instead said that he only would provide Javice with Frank’s actual list of customer accounts: fewer than 300,000 customer accounts as of July 31, 2021. &quot;

&gt;Alex Spiro, Javice’s legal representation, did not reply to Fortune’s request for comment, but has denied the allegations against her to other news outlets. Javice sued JP Morgan in December alleging the bank used an investigation into Frank as an excuse to fire her from her job with the company, Bloomberg reported. Spiro told the outlet that the bank’s lawsuit was “nothing but a cover.” Fortune was not able to reach representation for Amar.<p>Interesting to see the person who is defending Elon being retained by this founder!

Not at all my field of experience (nor any of my business), but wouldn&#x27;t such a thing come out during &quot;due diligence&quot;, long before the company was bought?

<a href="https:&#x2F;&#x2F;archive.ph&#x2F;QN4VN" rel="nofollow">https:&#x2F;&#x2F;archive.ph&#x2F;QN4VN</a>

I just spent 30 seconds rejecting cookies only to be hit by a paywall, classy.<p><a href="https:&#x2F;&#x2F;archive.ph&#x2F;QN4VN" rel="nofollow">https:&#x2F;&#x2F;archive.ph&#x2F;QN4VN</a>

Sounds like what Nikola Motors did