“Fake it till you make it” VS “Greed is good”

“According to the government, the pair (#CharlieJavice & #OlivierAmar) hired a #DataScientist to create fake accounts showing 4.25 million #customers, even though they knew it had fewer than 300,000. The implication for #investors, whether the trial results in a #conviction or acquittal, is how the massive #WallStreet firm could have missed the warning signs, and whether its #DueDiligence on other #acquisitions was up to the task.”

A #startup valuation secret, eager buyers in a competitive new market.

#Frank / #JPMorgan / #suits / #DumbMoney / #Fake / #greed <https://smh.com.au/business/companies/the-31-year-old-accused-of-deceiving-a-wall-street-giant-in-us175m-deal-20250219-p5ld90.html> #paywall.