Good morning, Broadsheet readers! Nasdaq's CEO Adena Friedman is planning a historic acquisition, women are leaving India's biggest tech firm amid a return to the office, and we explore the story behind a startup founder-turned-alleged fraudster. Have a great Wednesday!
- Frank story. In yesterday's Broadsheet, we featured a new Fortune story about Charlie Javice, the founder of Frank, a financial aid startup now accused of defrauding JPMorgan to the tune of $175 million. In case you didn't scroll through Luisa Beltran's new feature on Javice (you should!), we thought we'd share a bit more today.
For those who need a refresher, Javice in 2017 founded Frank, a startup that intended to revamp the financial aid process for students. The company was acquired by JPMorgan for $175 million in 2021. But the bank sued Javice earlier this year, alleging she fabricated user numbers before the acquisition, claiming 4.25 million customers when the company only had about 300,000. Javice has denied the allegations and claimed it was the bank that made mistakes during the deal's diligence. (Javice declined to talk to Luisa for her story.)
