A Quick Introduction to Indian Penal Codes Related to Marriage Law
April 9, 2025
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From divorce battles to dowry disputes, Indian marriage laws are vast, complex, and sometimes as dramatic as a Bollywood courtroom scene.
The JPMorgan $175M Due Diligence Error: A Wake-Up Call for Businesses
In 2021, JPMorgan Chase, the world’s largest bank, acquired a college financial planning startup, Frank, for $175 million. Less than two years later, the banking giant sued the startup’s founder, Charlie Javice, alleging fraud and misrepresentation. The due diligence oversight cost JPMorgan not just millions but a significant blow to its credibility.
This incident is a cautionary tale for every business big or small. It shows that even giants can falter when due diligence isn’t conducted rigorously. Whether you’re planning an acquisition, forming a partnership, or onboarding a new vendor, thorough investigation is not optional it’s essential.
What Went Wrong with JPMorgan and Frank?
In 2021, JPMorgan Chase, the world’s largest bank, acquired a college financial planning startup, Frank, for $175 million. Less than two years later, the banking giant sued the startup’s founder, Charlie Javice, alleging fraud and misrepresentation. The due diligence oversight cost JPMorgan not just millions but a significant blow to its credibility.
This incident is a cautionary tale for every business big or small. It shows that even giants can falter when due diligence isn’t conducted rigorously. Whether you’re planning an acquisition, forming a partnership, or onboarding a new vendor, thorough investigation is not optional it’s essential.
Why Due Diligence Matters More Than Ever
In today’s high-stakes, high-speed business environment, making decisions without thorough checks can lead to devastating consequences. Due diligence goes beyond financial data it includes:
- Background checks on leadership.
- Operational and compliance audits
- Data and reputation verification
- Technology and infrastructure assessments
- IP and brand protection evaluations
When these aspects are overlooked, the consequences can be legal, financial, and reputational.
Lessons for Indian Businesses and Investors
Indian enterprises whether startups or SMEs are increasingly engaging in joint ventures, acquisitions, and vendor partnerships. Here’s what we can learn from JPMorgan’s mistake:
1. Trust, but Verify
No matter how reputable or charming a founder or partner seems, perform objective checks. Authentic Investigation specializes in discreet background verification and forensic checks that uncover hidden truths.
2. Don’t Rely on Internal Vetting Alone
Internal legal or finance teams may not have the forensic tools or investigative training required for deep scrutiny. A third-party agency brings unbiased and specialized skill sets.
3. Documentation is Not Truth
Even authentic-looking documents can be fabricated. Our digital forensics team at Authentic Investigation uses advanced tools to verify the validity of documents, data, and IP claims.
4. Avoid Emotional or FOMO-Based Decisions
Fast decisions made under competitive pressure can be dangerous. Due diligence ensures your business decision is backed by facts, not hype.
How Authentic Investigation Can Help
With over 20 years of experience across India, Europe, and the Middle East, Authentic Investigation provides comprehensive due diligence services:
- Financial & Asset Verification
- Corporate Intelligence & Partner Risk Profiling
- Compliance & Legal Vetting
- Background Checks & Surveillance
- IPR & Brand Protection Investigations
We have assisted top law firms, Fortune 500 companies, and private equity firms in making secure business moves.
Real-World Use Cases
Case Study: Vendor Fraud in a Delhi-Based Manufacturing FirmA supplier inflated their past credentials and had a history of defaults. Our investigation uncovered hidden litigation, saving our client over ₹60 lakhs.
Case Study: M&A Risk in a Tech Start-UpAn Indian investor was eyeing a tech startup in Bangalore. Our forensic audit revealed manipulated user data and unpaid tax liabilities. The deal was called off, saving millions.
Due Diligence in the Age of AI Companies
With the surge in artificial intelligence startups, investors are more vulnerable to overstatements about user metrics, data ownership, and technological capabilities.
1. Why AI Startups Pose Higher Due Diligence Risk
- Often operate in stealth mode
- Have minimal tangible assets
- Are harder to audit without tech experts
2. How We Evaluate AI Startups
- Verify code and data ownership
- Review tech stack integrity
- Assess founders’ academic and professional backgrounds
- Analyze platform performance and actual user interaction
Conclusion: Don’t Be the Next JPMorgan
The JPMorgan-Frank fiasco is a textbook example of why due diligence must never be compromised. At Authentic Investigation, we help you uncover the facts before it’s too late. Whether you’re investing ₹10 lakh or ₹100 crore, our investigative insight ensures you’re making the right decision.
Let’s make smart business decisions together.
Get in Touch:
Call on: +91 7678294109, +91 9899793007
Mail: ss@authenticinvestigation.com
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