JPMorgan Fights $142M Legal Fee Bill for Frank Founders
Update: 2025-11-15
Description
JPMorgan Chase is embroiled in a legal battle over $142 million in legal fees for Charlie Javice and Olivier Amar, founders of Frank, a financial aid startup acquired for $175 million. Javice was sentenced to seven years for fraud, and JPMorgan seeks to overturn a judges order to cover their legal expenses. The bank alleges extreme abuses in billing, including luxury upgrades, inflated work hours, and cellulite butter. Javices spokesperson denies personal charges and adherence to JPMorgans policies.
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