Home / Crime and Justice / Judge Orders JPMorgan to Fund Ex-Exec's Defense
Judge Orders JPMorgan to Fund Ex-Exec's Defense
3 Jul
Summary
- JPMorgan must continue paying legal bills for convicted executive Charlie Javice.
- The bank argued expenses were 'astronomical' but failed to prove bad faith.
- Javice and former exec Olivier Amar's legal costs reached over $21 million.
A Delaware judge has mandated that JPMorgan Chase must continue to cover the legal expenses for Charlie Javice, a former executive convicted of defrauding the bank. The decision came as JPMorgan sought to cease payments, arguing that the accumulated legal bills were "astronomical." Magistrate Judge Christian Wright stated that JPMorgan had not met its burden to prove the expenses were unreasonable or indicative of bad faith.
Javice, convicted in March 2025 and sentenced to 85 months in prison, is appealing her conviction and sentence. The bank had been ordered in June 2023 to pay the legal bills for Javice and Olivier Amar, former chief growth officer at Javice's startup Frank. Amar was also convicted and sentenced to 68 months in prison.
The judge rejected JPMorgan's request to stop paying Amar's legal costs as well. The ruling specifically addresses over $10.1 million in costs for Javice and $11.3 million for Amar between January and September 2025, totaling more than $21 million.
