07 Oct 2025 | 5 Mins Read
JPMorgan pays Javice's legal fees after losing $175 million to scam
Flipitmoney
JPMorgan Chase & Co. was hit with $115 million in lawyers' bills for Charlie Javice and Olivier Amar, two former executives convicted of defrauding the bank over their student-finance company Frank. The defense tab is roughly two-thirds of the $175 million the bank paid for Frank and is a result of a Delaware court ruling that the bank must cover their legal costs.