JPMorgan Fights $142M Legal Fee Bill in Fraud Case

JPMorgan Chase is fighting a $142 million legal fee bill for Charlie Javice and Olivier Amar, founders of Frank, a financial aid startup acquired for $175 million in 2021. Javice was sentenced to 7 years for fraud, and Amar is still under investigation. JPMorgan challenges the order to pay for their legal expenses, citing unusual billing practices like luxury hotel upgrades, 24-hour work claims, and cellulite butter moisturizer. Javices spokesperson denies personal charges and adherence to JPMorgans policies. The case highlights concerns over accountability and legal expenditure oversight in high-stakes fraud cases.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.