Convicted Frank founder Charlie Javice is reportedly seeking a presidential pardon, and his camp is quietly courting people close to the Trump administration. according to the WSJ. So far, his name has not appeared on a formal list of Department of Justice pardon requests, he adds.
That list is growing rapidly. While the administration is reportedly considering granting approximately 250 pardons this summer to commemorate the United States’ 250th anniversary, a wave of clemency requests from white-collar defendants is coming in. including Sam Bankman-Fried.
JPMorgan can’t be satisfied with any of this. Last September, Javice was found guilty of fabricating millions of customer accounts to inflate the value of her startup before selling it to the bank for $175 million. He is now serving more than seven years and is appealing, arguing that the case against him was unfair.
The bank may have additional cause for concern given its relationship with President Trump. In early 2021, it closed accounts linked to Trump and his businesses shortly after the January 6 Capitol riot, a move that Trump has since called political “debanking,” suing JPMorgan and CEO Jamie Dimon for $5 billion. (JPMorgan denies any political motive.)
Javice also has powerful friends, including Apollo’s Marc Rowan, one of Frank’s early investors who testified on his behalf at trial. Rowan has donated to Trump’s campaigns and, since his re-election, has donated millions more to congressional Republican groups.
