Charlie Javice scammed JP Morgan for $175 million. But why America's largest bank is paying her $142-mn legal bills

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Convicted fintech founder Charlie Javice, who defrauded JPMorgan Chase out of $175 million, is now serving prison time. Despite her conviction, JPMorgan is obligated to pay over $142 million in legal fees due to an indemnification clause in their acquisition agreement. The bank claims these fees include exorbitant personal expenses and impossible billing hours.