Morning Brew Daily Another Forbes '30 Under 30' Heads to Trial & DOGE Wants Access to the IRS
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Feb 18, 2025 A Forbes '30 Under 30' entrepreneur faces trial over accusations of defrauding JPMorgan in a startup sale, sparking debates on integrity in tech. Meanwhile, Argentina's president is under scrutiny for promoting a cryptocurrency linked to a crash. There's a notable rise in European defense stocks fueled by geopolitical shifts, while the sports world compares the success of NHL's All-Star game with the NBA's. Finally, excitement builds for baseball spring training amidst record offseason spending.
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Forbes 30 Under 30 Trial
- Charlie Javice, a Forbes '30 Under 30' alum, is on trial for allegedly defrauding JP Morgan.
- Javice's fintech company, Frank, was acquired for $175 million but allegedly had mostly fake users.
JP Morgan's Discovery
- JP Morgan discovered the fraud after sending marketing emails to 400,000 supposed Frank customers.
- Only 1.1% of emails were opened, revealing the inflated user numbers.
Doge Accesses IRS Data
- A Doge official will access the IRS' taxpayer system, containing sensitive data.
- Some IRS employees raised concerns due to the private nature of the data.