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JPMorgan shuts down financial planning website Frank, sues Founder
JPMorgan Chase on Thursday shut down the website of Frank, a college financial planning platform it acquired in 2021 for $175 million to deepen its ties with students. It also sued the startup's Founder Charlie Javice and Chief Growth Officer Olivier Amar for creating nearly 4 million fake customer accounts. An attorney for Javice, however, denied the allegations. #news101
