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Continued thread

“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 <smh.com.au/business/companies/> #paywall.

The Sydney Morning Herald · The 31-year-old accused of conning a Wall Street giant in $US175m dealBy Bob Van Voris and Hannah Levitt