JPMorgan doesn’t want to pay Frank founder Charlie Javice’s legal bills after her fraud conviction.
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JPMorgan Refuses Charlie Javice’s Legal Bills
What Happened with JPMorgan and Charlie Javice’s Legal Bills? JPMorgan doesn’t want to pay Frank founder Charlie Javice’s legal bills, sparking a legal battle that has drawn national attention. Javice, who founded the student aid startup Frank, was convicted of defrauding JPMorgan after the bank acquired Frank for $175 million in 2021. The bank is now fighting a judge’s earlier order requiring it to cover her $142 million legal expenses, citing excessive and questionable charges. Image Credits:Yuki Iwamura/Bloomberg / Getty Images Why Is JPMorgan Challenging Charlie Javice’s Legal Fees? The bank argues that Javice’s legal team billed for outrageous expenses, including luxury hotel upgrades, working 24 hours in a single day, and even cellulite butter. JPMorgan’s lawyers describe these charges as “extreme abuses” and say they have no obligation to pay for what they consider personal indulgences. What Does Charlie Javice Say About Her Legal Expenses? Javice’s representatives insist she followe…
