Javice’s Wharton Pal Created Fake Data for JPMorgan Deal (1)

A data scientist Charlie Javice met while studying at the University of Pennsylvania’s Wharton School testified that she asked him to create data showing her company had more than 4 million users a month before its acquisition by JPMorgan Chase & Co.

Adam Kapelner took the stand Tuesday at Javice’s fraud trial in Manhattan federal court. He is one of the main prosecution witnesses against Javice, 32, who is charged with greatly inflating the customer numbers for her student-finance startup, Frank, to get JPMorgan to pay $175 million for it in September 2021.

Charlie Javice arrives at federal court in New York.

Photographer: Michael Nagle/Bloomberg

Kapelner said that Javice never told ...