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JPMorgan shutters website it paid $175 million for, accuses founder of inventing millions of accounts

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JPMorgan shutters website it paid $175 million for, accuses founder of inventing millions of accounts

Jamie Dimon said in June that he was preparing the bank for an economic “hurricane” caused by the Federal Reserve and Russia’s war in Ukraine.

Al Drago | Bloomberg | Getty Images

JPMorgan Chase on Thursday shut down the

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for a college financial aid platform it bought for $175 million after alleging the company’s founder created nearly 4 million fake customer accounts.

The country’s biggest bank acquired Frank in September 2021 to help it…

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