This podcast episode delves into the spectacular downfall of Frank, a college financing startup founded by Charlie Gervais. Gervais's mission to simplify the complex financial aid process for students caught the attention of JP Morgan, who acquired Frank for a staggering $175 million. However, the deal turned sour when JP Morgan discovered numerous fake email addresses, leading to an internal investigation and the firing of Gervais. The legal battle between Gervais and JP Morgan has raised questions about the bank's accountability for the disastrous investment and the company's failure to conduct thorough due diligence, ultimately leaving a lasting impact on the financial industry.
