When JPMorgan acquired Charlie Javice’s startup Frank for $175 million in 2021, it agreed to pay her legal fees if she got into trouble. Then she got into trouble. Javice told the bank that she had millions of customers, but that she had falsified much of her customer list.
She was convicted of fraud in September and sentenced to 85 months in prison. Now JPMorgan is fighting to stop paying its legal fees after its 147-member legal team made questionable expenses, including $529 on gummy bears, a $581 dinner for two, nearly $1,000 in laundry costs, a Cookie Monster toy and 57 hotel room upgrades for $300 each.
JPMorgan asks a Delaware judge for permission to suspend her, citing “blatant contempt” and “unchecked billing practices.” The bank said Javice had asked for more than $43 million for one law firm alone, with 29 attorneys in the courtroom at one point during her trial.
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When JPMorgan acquired Charlie Javice’s startup Frank for $175 million in 2021, it agreed to pay her legal fees if she got into trouble. Then she got into trouble. Javice told the bank that she had millions of customers, but that she had falsified much of her customer list.
She was convicted of fraud in September and sentenced to 85 months in prison. Now JPMorgan is fighting to stop paying its legal fees after its 147-member legal team made questionable expenses, including $529 on gummy bears, a $581 dinner for two, nearly $1,000 in laundry costs, a Cookie Monster toy and 57 hotel room upgrades for $300 each.
JPMorgan asks a Delaware judge for permission to suspend her, citing “blatant contempt” and “unchecked billing practices.” The bank said Javice had asked for more than $43 million for one law firm alone, with 29 attorneys in the courtroom at one point during her trial.
Read more
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