Charlie Javice sold her financial aid startup Frank to JPMorgan Chase for $175 million. But soon after the ink on the deal was dry, the bank discovered that their new acquisition was not at all what it seemed. WSJ’s Alexander Saeedy explains how a trial about fraud committed against JPMorgan resulted in the bank feeling the heat. Kate Linebaugh hosts. 

Sign up for WSJ’s free What’s News newsletter. 

Further Listening: 

- A $175 Million ‘Huge Mistake’ 

- JP Morgan CEO Jamie Dimon on What’s Next for the Economy 

Learn more about your ad choices. Visit megaphone.fm/adchoices