JPMorgan Chase lawyers put up a fight to avoid footing Charlie Javice’s $74 million legal bill. Thanks to a newly unredacted list of expenses JPMorgan lawyers filed on Monday, everyone can see why.
Javice was sentenced to more than seven years in prison in September, following a fraud conviction. In 2021, JPMorgan acquired Javice’s startup Frank, which Javice claimed assisted millions of people in completing their federal financial aid forms. On top of the $175 million JPMorgan spent on acquiring the fraudulent firm, the bank must also pay Javice’s legal fees, due to a clause in its original contract with Javice indicating it is liable for her defense bill. Javice won a ruling in 2023, requiring JPMorgan to indeed keep paying her legal tab, rejecting the bank’s assertions that her fraud was outside the bounds of their initial 2021 agreement.
