Saw this story on my feed today.
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You really do wonder where the due diligence was on this acquisition. 
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Absolutely. It says in the article they “asked for proof of scale as part of due diligence”. I’m not sure whether it would be expected for JP Morgan to verify every single customer on that list or whether it would be reasonable to expect genuine data to be given.
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100%. Seems like straight forward corporate fraud to me.
Sorry what’s funnier is that the accused then counter sued JP Morgan for not believing their data was real 
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Interesting article…
That’s at least twice now Forbes have put someone on their “one to watch” list who subsequently turns out to be a massive Fraudster (note this hasn’t been proven yet in this case)
Just goes to show that money really will make anyone do anything to get it
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I wonder what the repurcussions will be when the authorities get involved. Could end up with life long impact
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