Post by Geo 🇺🇦 🌻 on Jan 12, 2023 13:37:20 GMT -5
Here’s the article I saw today www.cnbc.com/2023/01/12/jpmorgan-chase-shutters-student-financial-aid-website-frank.html
My reactions:
1. Ok these are some pretty wild allegations. Hiring a data scientist to fake almost four million accounts is not something you see every day
2. Ok, assuming the founder did it, I’m shocked at how she thought she would get away with it. Eventually they would have to try and contact customers right?
3. How did Jamie Dimon and JP Morgan allow this to happen? Shouldn’t they have done more due diligence to protect themselves from being scammed? Of course, I do feel a bit of schadenfreude for this because “Big bank tries to buy company ahead of competitors and get scammed out of $175 million” is not a headline that generates much sympathy for me.
4. And that data scientist that agreed to do this, there are companies out there willing to hire them to do legitimate business, not concoct scams. What happened to basic ethics here? Once they are named in court documents for the lawsuit, they are basically unemployable for a long time.
5. I don’t want to speculate on the founder’s past but I feel like you don’t just suddenly become a cheater in life. While I believe in second chances, I do feel like she’s probably cheated in some way before and gotten away with it which is why the lies got bigger until this situation happened. But maybe she underestimated the work needed to grow a startup. Still not an excuse for scamming others.
My reactions:
1. Ok these are some pretty wild allegations. Hiring a data scientist to fake almost four million accounts is not something you see every day
2. Ok, assuming the founder did it, I’m shocked at how she thought she would get away with it. Eventually they would have to try and contact customers right?
3. How did Jamie Dimon and JP Morgan allow this to happen? Shouldn’t they have done more due diligence to protect themselves from being scammed? Of course, I do feel a bit of schadenfreude for this because “Big bank tries to buy company ahead of competitors and get scammed out of $175 million” is not a headline that generates much sympathy for me.
4. And that data scientist that agreed to do this, there are companies out there willing to hire them to do legitimate business, not concoct scams. What happened to basic ethics here? Once they are named in court documents for the lawsuit, they are basically unemployable for a long time.
5. I don’t want to speculate on the founder’s past but I feel like you don’t just suddenly become a cheater in life. While I believe in second chances, I do feel like she’s probably cheated in some way before and gotten away with it which is why the lies got bigger until this situation happened. But maybe she underestimated the work needed to grow a startup. Still not an excuse for scamming others.