JPMorgan says Charlie Javice’s bills have exploded past $142 million, including $74 million for Charlie Javice alone|Ben Sutherland|CC BY 2.0
JPMorgan Chase is attempting to avoid paying the substantial legal bills of Charlie Javice. The fintech founder misrepresented her startup Frank's user base to convince the bank to buy it for $175 million.
Despite her March 2025 conviction and seven-year prison sentence, Javice continues to bill JPMorgan because the acquisition agreement includes an indemnification clause that requires the bank to cover her legal defense.
JPMorgan says those bills have exploded past $142 million, including $74 million for Javice alone. This amount continues to rise as Javice faces additional lawsuits and she also plans to appeal the fraud case.
In court, the bank accused her lawyers of extreme abuses, citing charges for cellulite butter, first-class hotel upgrades, upscale meals, and billing entries claiming 24 hours of work in a single day.
Prosecutors had earlier shown that Javice paid a data scientist $18,000 to fabricate user data. JPMorgan now wants a judge to amend the order and block further payments.
Javice’s lawyers maintain that their billing practices have been fair.