This is how the legal fees of Charlie Jabis reached 74 million dollars

Jabis was convicted of fraud when she sold her education startup, Frank, for $175 million to JP Morgan in 2021. However, in a surprising twist, it was the bank that bore the legal bills of Jabis and Olivier Amar (the Israeli partner in the start-up, JP), a partner in the start-up, due to a clause in the deal that stated that the bank would bear all the associated costs in the event of a conflict.

For months, the bank has been trying to free itself from this arrangement before Jabis’ appeal leads to more charges, which the bank calls “excessive and clearly outrageous”.

Among the charges: $530 for gummies

Some of Jabis’s legal expenses, such as body cream for the treatment of cellulite, were already published during a court hearing last month, but yesterday (Monday) a broad list of charges was detailed that the bank is contesting. Many expenses were charged by her lawyers, and not by Jabis herself, the new revelations show.

A spokesman for Jabis previously said that she “was not charged and did not see any expense” and followed the written procedures during her employment as a JP Morgan employee, after the bank purchased her start-up and in accordance with the legal rules.

After Javis was accused of fraud in 2023, she hired some of the most famous lawyers, including Alex Spiro, who represented Elon Musk and New York Mayor Eric Adams, as well as Jose Baez and Ronald Sullivan, who defended Casey Anthony and Harvey Weinstein.

Spiro’s firm, Quinn Emanuel Urquhart & Sullivan, owes nearly $44 million of the total, JPMorgan said. The ministry’s spokesperson said that the bank is “trying to evade” its obligations to pay Jabis’s bills and “trying to create distractions by highlighting a handful of lawyers’ expenses (not incurred by Jabis) over two years, the vast majority of which have already been reviewed and paid or are not in dispute.”

Below are some of the items that Jabis and her lawyers charged the bank, according to court documents:

food
$530 on gummies
$581 for dinner for two that included a seafood platter for $161
$710 bill at Eataly restaurant
$347 for three hot dog trays as an afternoon snack
$214 for “Italian Style Ice Cream”
$60 for an Uber food delivery order, which included four cookies and a box of cookies

“Heavy amounts of alcohol,” including an Old Fashioned cocktail, a vodka martini, an Ethiopian thyme margarita, and a lychee martini.

Travel and hotels
Over $3,000 for three first class flights between Boston and New York
$25,800 on hotel room upgrades
A trip of 800 meters that costs 284 dollars

entertainment
A meal at the Ellis Island National Immigration Museum
Transportation to the American Museum of Natural History
$57 on one of the attorneys’ Spotify charges

variance
Pet hair removal roller
Removes stains
Cookie Monster Toddler Toy
Lavender and jasmine scented sachets
Body cream for the treatment of cellulite
plastic cup
$75 for a suitcase

Legal expenses
147 different legal professionals, some of whom charged up to $2,700 per hour
An average of 24 professionals per day during the trial, some charged for “presence” at the trial on days when there was no trial, including Saturday