JPMorgan Seeks Court to End $115M Legal Fee Payments for Convicted Fraudster Charlie Javice

JPMorgan Chase has requested a Delaware court to end its contractual obligation to pay the legal fees of Charlie Javice and Olivier Amar, who were convicted in March of defrauding the bank by falsifying user data to secure a $175 million acquisition for Javice's startup, Frank. The bank has already paid over $115 million in legal expenses, which it describes as "unprecedented and shocking," and argues that the legal defense has been excessively costly and duplicative, involving five different law firms. JPMorgan claims that the advancement of legal fees has been treated like a "blank check" by Javice and her legal team, and it seeks court intervention to stop what it calls "abusive billing" practices. Javice, sentenced to seven years in prison for fraud, is currently appealing her conviction. JPMorgan's move highlights the ongoing financial and legal fallout from the high-profile fraud case involving Javice and Amar. The bank's spokesperson and lawyers emphasize their intent to prevent further unjustified legal expenses while Javice pursues her appeal.