以下文章来源于投资界 ，作者吴琼 投资界 . 清科创业旗下创业与投资资讯平台 作者： 吴琼 来源： 投资界 -------------------------------- 震惊创投圈的造假案迎来了结局。 查理·贾维斯（Charlie Javice），这位90后创始人即将沦为阶下囚。在此之前，她是常青藤名校 生、硅谷白富美，创办了明星公司Frank。2021年，她把公司以1.75亿美元（约12亿人民币）卖 给摩根大通，走上人生巅峰。 然而万万没想到，Javice宣称Frank拥有超420万用户，后来被发现实际不足30万人。这场造假导 致摩根大通投资损失，双方对簿公堂。本周一纸判决出炉—— 她因诈骗摩根大通被判七年监禁 ， 后续将提起上诉。 庭审中，Javice落泪承认错误："这是我一生都将后悔的决定 。 " 现实远比想象更为荒诞。这场本该通过尽调避免的闹剧，再次为创投圈敲响警钟。 01 摩根大通被骗12亿 90后女生入狱 这要从一个创业项目说起。 这成为打动摩根大通拿出高价的关键因素。买下Frank意味着他们将迅速打开Z时代用户市场，数百 万年轻用户都有希望转化成其终身银行和信用卡客户。 于是，摩根大通迅速推 ...

Core Viewpoint - The shocking fraud case involving Charlie Javice, founder of Frank, has concluded with her being sentenced to seven years in prison for defrauding JPMorgan Chase, which resulted in a loss of $1.75 billion (approximately 12 billion RMB) [4][7][12]. Group 1: Background of the Case - Charlie Javice founded Frank in 2016, a platform aimed at simplifying the student loan application process using AI [10]. - In 2021, Javice sold Frank to JPMorgan Chase for $1.75 billion, claiming the company had over 4.2 million users, while the actual number was found to be less than 300,000 [7][12][14]. Group 2: Fraudulent Activities - To inflate the user numbers, Javice created a fake dataset with the help of an external data expert and purchased real data to mislead JPMorgan Chase during the due diligence process [11][12]. - The fraudulent claims were pivotal in convincing JPMorgan Chase to proceed with the acquisition, as they aimed to tap into the Gen Z market [12][14]. Group 3: Consequences and Reactions - After the acquisition, JPMorgan Chase discovered the deception when a marketing campaign yielded only 10 new users, none of whom were students [13][14]. - Following the revelation, JPMorgan Chase terminated Javice and filed a lawsuit, leading to her conviction for multiple counts of fraud [14][15]. Group 4: Lessons for the Investment Community - The case highlights significant failures in JPMorgan Chase's due diligence process, raising questions about the effectiveness of their internal controls [22][24]. - The incident serves as a cautionary tale for investors, emphasizing the need for thorough due diligence, especially in high-stakes acquisitions [24][25].

Core Points - The shocking fraud case involving Charlie Javice, founder of Frank, has reached a conclusion with her being sentenced to seven years in prison for defrauding JPMorgan Chase [3][4][7] - Javice falsely claimed that Frank had over 4.2 million users, while the actual number was less than 300,000, leading to significant financial losses for JPMorgan [3][6][7] Group 1: Company Background - Frank was founded in 2016 by Javice as a platform to simplify the student loan application process using AI, addressing the challenges faced by students in applying for financial aid [4][8] - The company attracted significant venture capital, raising $16 million and gaining attention in the startup ecosystem, eventually leading to its acquisition by JPMorgan for $175 million in 2021 [5][8][9] Group 2: Fraud Details - To inflate the user numbers, Javice created a fake dataset with the help of an external data expert and purchased a real dataset to mislead JPMorgan during the due diligence process [5][6] - The acquisition was motivated by JPMorgan's desire to tap into the Gen Z market, expecting to convert millions of young users into lifelong banking customers [5][6] Group 3: Consequences and Reactions - After the acquisition, JPMorgan discovered the fraud when a marketing campaign yielded only 10 new users, none of whom were students, prompting an internal investigation [6][7] - The case has been described as a significant embarrassment for JPMorgan, with CEO Jamie Dimon expressing regret over the oversight in due diligence [7][10][11] Group 4: Industry Implications - The incident serves as a cautionary tale for the venture capital and investment community, highlighting the importance of thorough due diligence, especially in high-stakes acquisitions [10][12] - The case reflects broader issues in the startup ecosystem, where inflated valuations and reputations can lead to inadequate scrutiny by investors [12][13]

Core Insights - The article discusses the downfall of Charlie Javice, a founder of the startup Frank, who was sentenced to seven years in prison for defrauding JPMorgan Chase by falsely claiming her company had over 4.2 million users when it actually had fewer than 300,000 [6][10][15]. Group 1: Company Overview - Frank was founded in 2016 as a platform to simplify the student loan application process using AI, targeting the pain points of students applying for financial aid [8][12]. - In 2021, Frank was sold to JPMorgan Chase for $1.75 billion (approximately 12 billion RMB), with Javice receiving around $21 million from the deal [9][10]. Group 2: Fraud Details - Javice created a fake user dataset to mislead JPMorgan during the due diligence process, spending $18,000 to hire an external data expert and $105,000 to purchase a real dataset to fabricate the numbers [8][9]. - After the acquisition, JPMorgan discovered the fraud when a marketing campaign revealed only 28% of emails sent to supposed users were delivered, resulting in just 10 new accounts, none of which were students [10][15]. Group 3: Legal Consequences - Following the exposure of the fraud, JPMorgan terminated Javice and filed a lawsuit, leading to her conviction for bank fraud, wire fraud, and securities fraud [10][15]. - The case has been described as a significant embarrassment for JPMorgan, which has over $4 trillion in assets and a history of complex transactions [15][16]. Group 4: Industry Implications - The incident highlights the importance of thorough due diligence in investment decisions, especially in high-stakes acquisitions [15][16]. - The article suggests that the rush to invest in high-valuation startups can lead to inadequate scrutiny, resulting in significant financial losses for investors [16][17].