JPMorgan Must Continue Funding Legal Defense for Convicted Executive

The bank had sought to halt payments for Javice and her former colleague, Olivier Amar, describing the combined costs as astronomical. Javice, 33, was sentenced to 85 months in prison for deceiving JPMorgan into acquiring her education startup, Frank, for $175 million in 2021. Despite her conviction in March 2025, she is currently pursuing an appeal, necessitating continued legal representation.

Judge Wright’s decision maintains the financial obligation, which has been in place since June 2023. The ruling covers $10.1 million in costs for Javice and $11.3 million for Amar, who also received a prison term of 68 months. The court maintained that the bank did not meet the high threshold required to demonstrate that these defense expenditures were so unreasonable as to warrant a cessation of funding.