JPMorgan doesn’t want to pay Frank founder Charlie Javice’s legal bills

In Brief

JPMorgan Chase says it’s been billed a full of $142 cardinal successful ineligible fees for the defence of Charlie Javice and Olivier Amar, respectively the laminitis and main selling serviceman astatine fiscal assistance startup Frank.

JPMorgan acquired Frank for $175 cardinal successful 2021, but earlier thai year, Javice and Amar were recovered blameworthy earlier of defrauding the slope by inflating Frank’s lawsuit count, with Javice sentenced to 7 years successful prison. JPMorgan is present seeking to overturn a judge’s order requiring the slope to wage the pair’s ineligible fees, arsenic reported successful The Wall Street Journal.

Michael Pittinger, a lawyer representing JPMorgan, said that Javice’s ineligible squad billed for expenses including luxury edifice upgrades, 24 hours of enactment successful a azygous day, and cellulite food (a moisturizer).

“There’s ne'er been a case, to my knowledge, with specified utmost abuses,” Pittinger said.

A spokesperson for Javice told the WSJ that she abided by JPMorgan policies and “didn’t complaint oregon spot immoderate expenses.”

“As an employee, she did acquisition crystal pick and different items successful accordance with JPMorgan’s codification of conduct, and she ne'er sought reimbursement for thing that wasn’t expressly permitted nether the guidelines she was given,” Javice’s spokesperson said.

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