"There's never been a case, to my knowledge, with such extreme abuses."
"didn't charge or see any expenses."
"As an employee, she did purchase ice cream and other items in accordance with JPMorgan's code of conduct, and she never sought reimbursement for anything that wasn't expressly permitted under the guidelines she was given."
JPMorgan Chase was billed a total of $142 million in legal fees for the defenses of Charlie Javice and Olivier Amar, executives at the financial aid startup Frank. JPMorgan acquired Frank for $175 million in 2021. Javice and Amar were found guilty of defrauding the bank by inflating Frank's customer count, and Javice received a seven-year prison sentence. JPMorgan is seeking to overturn a judge's order that requires the bank to pay the pair's legal fees. JPMorgan's lawyer cited alleged excessive expenses including luxury hotel upgrades, a 24-hour billing entry, and 'cellulite butter.' A spokesman for Javice said she followed JPMorgan policies, did not charge or see improper expenses, and only purchased permitted items such as ice cream.
Read at TechCrunch
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