Charlie Javice, who swindled JPMorgan out of $175 million, will have her whopping $115 million legal bill paid by the bank itself¡

By Michael Ehindero

JP Morgan is being forced to Cough Up $115 Million for Fraudster Charlie Javice’s Legal Bills!


In a jaw-dropping twist, JP Morgan Chase has been ordered to pay a massive $115 million legal bill for convicted scammer Charlie Javice, the ex-startup darling who duped the bank with a fake student-loan empire.

The eye-watering sum covers Javice’s defense costs roughly two-thirds of the $175 million JPMorgan splashed out in 2021 to buy her bogus company, Frank.

Javice pulled off the con by claiming Frank boasted 4.25 million users, when in reality, the platform had fewer than 300,000. Her lies unraveled spectacularly, landing her a seven-year prison sentence last week.

Despite firing Javice after uncovering the fraud, JPMorgan is now legally bound to foot her legal tab. Court filings confirmed the payments following a Delaware court’s ruling that the bank must advance costs tied to the ill-fated merger.

Former prosecutor Kevin O’Brien called the payout a “huge, huge number,” adding that Javice “had a lot of high-priced legal talent.”

From startup star to fraudster, Javice’s fall from grace just cost JP Morgan a fortune¡


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