1. JPMorgan Chase has been billed $142 million in legal fees for Charlie Javice and Olivier Amar, former executives of the financial aid startup Frank, which JPMorgan acquired in 2021.
2. Javice and Amar were found guilty earlier this year for defrauding JPMorgan by inflating Frank’s customer count, with Javice receiving a seven-year prison sentence.
3. JPMorgan is challenging a court order requiring it to pay legal fees, citing excessive and questionable expenses including luxury hotel upgrades, overtime work, and cellulite butter (a moisturizer) in the legal bills presented by Javice's team.