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Frank founder, executive lied to sell firm, US argues at close of fraud trial

By Samuel Rubenfeld ( March 27, 2025, 00:56 GMT | Insight) -- The founder of tech startup Frank and the firm’s chief growth officer lied to banks about the size of its userbase, the very thing that had made the company valuable, prosecutors said today in their closing arguments at the pair’s fraud trial. Lawyers for the defendants, however, countered by saying in their closing arguments that the government had cherry-picked facts and evidence, and that the executives hadn’t lied about the user numbers.The founder of tech startup Frank and the firm’s chief growth officer lied to banks about the size of its userbase, the very thing that had made the company valuable, prosecutors said today in their closing arguments at the pair’s fraud trial....

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