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☆ Vintage photos show what it was like to eat at a diner in the 1950s
  + stars: | 2023-08-17 | by ( Erin Mcdowell | ) www.businessinsider.com   time to read: +1 min
Diners, which were originally referred to as "lunch cars," first emerged in the 1920s. By the '50s, they had grown in popularity due to their low prices, large menus, and extended hours. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . This story is available exclusively to Business Insider subscribers.
Persons: — Organizations: Service, Crain's New, Crain's New York Business, city's Department of Health, Business Locations: New York City, Crain's New York
☆ U.S. charges Frank financial aid startup's founder with defrauding JPMorgan
  + stars: | 2023-04-04 | by ( Jonathan Stempel | Industry Insight | Insights In Action | ) www.reuters.com   time to read: +3 min
Companies JPMorgan Chase & Co FollowNEW YORK, April 4 (Reuters) - The U.S. government on Tuesday filed criminal charges accusing Charlie Javice, the founder of the now-shuttered college financial planning company Frank, of defrauding JPMorgan Chase & Co (JPM.N) into buying the startup for $175 million in 2021. Prosecutors said that when JPMorgan asked for a list of names, Javice paid an unnamed data science professor $18,000 to concoct a sham list of names. JPMorgan shut down Frank in January, and Chief Executive Jamie Dimon branded the acquisition a "huge mistake" in a Jan. 13 conference call with analysts. In December, JPMorgan sued Javice and Olivier Amar, who was Frank's chief growth officer, in Delaware federal court. Javice filed counterclaims in February, accusing JPMorgan of having "compromised her reputation" and wrongfully withheld $28 million of retention payments and equity.
☆ How Charlie Javice's Frank Sale to JP Morgan Wound up in Allegations of Fraud
  + stars: | 2023-01-21 | by ( Katherine Long | Jack Newsham | ) www.businessinsider.com   time to read: +21 min
Her financial aid startup, Frank, was featured in the New York Times, CNBC and Wall Street Journal. After leaving the University of Pennsylvania's Wharton business school, Javice traded on her reputation, bolstered by glowing profiles, as a successful entrepreneur. In a 2018 interview with Insider, Javice claimed Frank secured an average of $28,000 for its users, and was helping students get "thousands off their tuition." "Charlie's first company fizzled after 18 months, so after losing all her investors' money, she convinced every one of them to fund her next company, Frank." At Frank, Javice admitted she sometimes painted a more positive picture of the company's health than was supported by the facts.
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