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Charlie Javice Duped JPMorgan Out of $175 Million. The Bank is Picking Up Her Legal Tab

Summary by Bloomberg
JPMorgan Chase & Co. was hit with $115 million in lawyers’ bills for Charlie Javice and a second executive convicted of defrauding the bank, yet another twist in a years-long legal saga that’s captivated Wall Street.

3 Articles

JPMorgan Chase must pay a colossal $115 million legal bill for a woman convicted of defrauding the bank by making exaggerated promises about her startup. The defense bill represents approximately two thirds of the $175 million paid by JPMorgan in September 2021 by Charlie Javice’s Frank company. Javice secured the investment by fraudulently claiming that the student loan planning company had 4.25 million clients when it actually had less than 30…

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Bloomberg broke the news in United States on Tuesday, October 7, 2025.
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