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\nThe following is my understanding.<\/p>\n
\nI mention in my post from October 1<\/a> the recent case involving Charlie Javice and her platform Frank. The case includes some intriguing ideas, a couple of which I want to mention today.<\/p>\n \nThe first is that, apparently, the Frank platform worked: it supposedly had three hundred thousand users. Moreover, it seems the complaint against Javice didn’t dispute that Frank worked. Rather, the complaint was that its stated number of users was inflated from the actual three hundred thousand to around four million.<\/p>\n \nOne might suspect, therefore, that JP Morgan Chase wanted Frank for its approximately four million users rather than for its operability as a platform. The logic is perceptible: perhaps four million ideal future clients – young people, pursuing higher education. Maybe the next step in the logic is that, to reach those people by advertising, it might have cost more than 175 million….<\/p>\n \nThere seems much more to consider with this case.<\/p>\n \nSource:<\/p>\n Business Insider: The ‘stupidity’ of 300 investment bankers tricked by a 20-something founder is a lesson in due diligence<\/a><\/p>\n Business Insider: Charlie Javice sentenced to 7 years in prison for JPMorgan Chase Fraud<\/a><\/p>\nJack of Oracle Tutoring by Jack and Diane,<\/a> Campbell River, BC.\n","protected":false},"excerpt":{"rendered":" Self-tutoring about big business: the tutor continues with the Charlie Javice case. The following is my understanding. I mention in my post from October 1 the recent case involving Charlie Javice and her platform Frank. The case includes some intriguing …<\/p>\n