Convicted Frank founder Charlie Javice has been quietly meeting with people close to the Trump administration to seek a pardon from the president. According to the WSJ. He adds that so far, his name has not appeared on the Justice Department’s official clemency request list.
This list is growing fast. A wave of clemency requests from white-collar defendants is pouring in as the administration reportedly offers about 250 pardons this summer to mark America’s 250th birthday – Including Sam Bankman-Fried.
JPMorgan can’t agree with any of that. Last September, Javice was found guilty of fabricating millions of customer accounts to inflate the value of his startup before selling it to a bank for $175 million. He has now served more than seven years and is appealing, claiming the case against him was unfair.
Given the bank’s relationship with President Trump, there may be additional cause for concern. In early 2021, he closed accounts linked to Trump and his businesses shortly after the January 6 Capitol riot, which Trump has since called political “banking,” suing JPMorgan and CEO Jamie Dimon. 5 billion dollars. (JPMorgan denies any political motive.)
Javice also has powerful friends, including Apollo’s Marc Rowan, an early Frank investor who testified on his behalf in court. Rowan donated to Trump’s campaigns and gave millions to Republican congressional groups after his re-election.
