JPMorgan Chase accused convicted fraudster Charlie Javice of abusing the bank’s obligation to cover her legal bills — including billing for daily hotel room upgrades during her criminal trial, according to a new court filing.
The bank told Delaware’s Chancery Court on Monday that Javice and her co-defendant, Olivier Amar, treated the bank’s indemnification as a “blank check” to fund extravagant spending and unnecessary legal work.
JPMorgan said Javice’s defense costs have ballooned to an “unprecedented and shocking” $115 million.
The filing, first reported by Bloomberg, asked the court to end the bank’s obligation to pay the pair’s expenses.
JPMorgan cited the room upgrades as part of a pattern of wasteful billing that included inflated charges for reviewing documents, preparing trial exhibits, food expenses and train travel.
The bank said Javice hired five law firms whose work was often duplicative.
The court filing did not identify the hotels where Javice stayed during her Manhattan trial, and most financial details were redacted.
JPMorgan argued that the defense teams ran up costs far beyond what was necessary.
Javice’s defense was led by Quinn Emanuel Urquhart & Sullivan, which declined to comment.
Lawyers for Amar at Kobre & Kim did not respond to requests for comment.
Javice, 33, and Amar were convicted in March of defrauding JPMorgan in its $175 million purchase of their student-finance startup, Frank.
The pair were found guilty of lying and falsifying user data to make it appear Frank had more than 4 million customers when it had fewer than 300,000.
Javice was sentenced in September to seven years in prison and ordered to repay her legal bills. Amar, who is scheduled to be sentenced Wednesday, faces a similar order.
JPMorgan told the court that neither has the means to reimburse the bank.
Javice and Amar became JPMorgan employees after the Frank acquisition closed in 2021 but were fired when the fraud was discovered.
The bank said Javice alone spent $60.1 million of its money on legal fees, while Amar spent $55.2 million.
“We continue to believe the legal fees sought by Charlie Javice and Olivier Amar are patently excessive and egregious,” Pablo Rodriguez, a JPMorgan spokesperson, told The Post.
Javice has said she intends to appeal her conviction.
