JPMorgan Says Javice Legal Bills Included Hotel Room Upgrade (1)

JPMorgan Chase & Co. said Charlie Javice abused the bank’s obligation to cover her legal bills by invoicing daily hotel room upgrades during the trial at which she was convicted of defrauding the bank.

In a Monday court filing, JPMorgan cited the purported room upgrades as an example of how Javice and her co-defendant, Olivier Amar, allegedly swelled their legal costs to an “unprecedented and shocking” $115 million.

Earlier this year, Javice and Amar were convicted of defrauding the bank in its $175 million acquisition of the student-finance startup, Frank. A Delaware Chancery Court judge ruled in 2023 that the ...