In BriefPosted:1:49 PM PDT March 22, 2025Image Credits:Michael Nagle/Bloomberg / Getty ImagesCharlie Javice trial becomes a master class in hubris for both sidesCharlie Javices high-profile fraud trial has become a showcase of embarrassing missteps on both sides, with eyebrow-raising details about how JPMorgan Chase was allegedly deceived into buying her startup, Frank, for $175 million when it had just 300,000 customers instead of four million.Per a new WSJ article, one pivotal moment came when former Frank engineer Patrick Vovor testified that he refused Javices request to create fake user data just one week before the sale, recalling she said to him: Dont worry. I dont want to end up in an orange jumpsuit. When Vovor declined, Javice allegedly turned to a math professor to generate synthetic user data, which was then submitted to JPMorgan. (In court, Javices legal team painted Vovor as a scorned suitor.)In addition to JPMorgans failure to properly vet Franks user base, other uncomfortable details have been surfaced, including that Leslie Wims Morris, who led the deal at JPMorgan, reportedly sent a note to her team, underlining segments from CEO Jamie Dimons annual letter to investors in 2021 and adding that sometimes theres no need to do analysis at all.Javices attorneys said in court that its evidence JPMorgan didnt think it needed to check its work, but Morris testified that it was tongue-in-cheek and written as a joke to my team.Topics