Legal
Prosecutors Accused of Pressuring Frank Founder Javice With Suit-Delay Request
- Defense lawyers question validity of government’s demand
- Javice facing fraud charges over $175 million JPMorgan deal
Charlie Javice
Photographer: Yuki Iwamura/BloombergThis article is for subscribers only.
Charlie Javice accused US prosecutors of trying to turn up the heat in the criminal fraud case against her by blocking information exchanges in a separate lawsuit filed by JPMorgan Chase & Co., which claims she tricked the bank into buying her Frank college financial-planning website.
There’s no legitimate reason for prosecutors to halt discovery in the Delaware civil case so that Javice can’t use it to bolster defenses in the criminal case, her attorneys said in a court filing. Javice and a colleague were charged with defrauding JPMorgan when it acquired Frank for $175 million and made them executives at the bank. They were both fired.