JPMorgan's Court Ruling Unleashes Juicy Texts and Potential Discovery in Frank Founder's Case

JPMorgan Chase is one step closer to deposing Charlie Javice, the founder of financial aid startup Frank, as a court ruling denied a motion to dismiss the bank's securities fraud lawsuit against Javice and Frank's former chief growth officer, Olivier Amar. The bank alleges that Javice used fake data to deceive JPMorgan into buying her startup for $175 million. JPMorgan Chase plans to pursue discovery in the case, which may reveal more evidence. Javice also faces criminal charges from the Department of Justice and a lawsuit from the Securities and Exchange Commission.