Startup founder Charlie Javice to be sentenced for defrauding JPMorgan Chase

1. Charlie Javice faces sentencing for defrauding JPMorgan over Frank's customer count. 2. JPMorgan discovered Frank had under 300,000 real customers post-acquisition. 3. This incident raises concerns about JPMorgan's corporate acquisition due diligence. 4. Javice's actions have been described as fueled by greed, harming JPMorgan's reputation. 5. The case highlights JPMorgan's vulnerability to fintech competition.