"They were provided all the data upfront for the purchase of Frank and Charlie Javice highlighted the restrictions placed by student privacy laws during due diligence.""Proven acquisition machine"The lawsuit outlines why JPMorgan was attracted to Frank when Javice, a graduate of the University of Pennsylvania, approached the bank in the summer of 2021.That pool of young customers was apparently like catnip for JPMorgan, which noted in its lawsuit that it believed "Frank was a proven acquisition machine for college-aged students."4.2 million fakes allegedJavice allegedly turned to an unnamed professor at a New York City-area college to fix her problem, paying him $18,000 to create a list of names."JPMC sent marketing test emails to what it believed were 400,000 unique Frank customers," the suit alleges."