Disgraced millennial Frank founder Charlie Javice hits JPMorgan with $74 million legal bill, including $530 in gummy bears and $347 ‘afternoon snack' [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
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Source: Yahoo! Finance
Javice was sentenced to more than seven years in prison in September, following a fraud conviction. In 2021, JPMorgan acquired Javice's startup Frank, which Javice claimed assisted millions of people in completing their federal financial aid forms. On top of the $175 million JPMorgan spent on acquiring the fraudulent firm, the bank must also pay Javice's legal fees , due to a clause in its original contract with Javice indicating it is liable for her defense bill. Javice won a ruling in 2023, requiring JPMorgan to indeed keep paying her legal tab, rejecting the bank's assertions that her fraud was outside the bounds of their initial 2021 agreement. Javice's seven-figure defense bill includes $530 spent on gummy bears, a $161 seafood tower, $710 spent at Eataly, and $347 on three charcuterie boards for an “afternoon snack,” according to the filing. Also expensed were more than $3,000 in three first-class tickets between Boston and New York, $25,800 in hotel upgrades, as well as food
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JPM
Earnings
- 10/14/25 - Beat
JPM
Sec Filings
- 12/23/25 - Form 424B2
- 12/23/25 - Form 424B2
- 12/23/25 - Form 424B2
- JPM's page on the SEC website