| US
Sued Javice For Fooling JPMC Now
Privilege Log by May for Oct 2024
Trial
by
Matthew Russell Lee, Patreon Book
Substack
SDNY COURTHOUSE,
Jan 19 – JPMorgan
Chase bought a
start-up
called Frank,
which claimed
to have 4
million
students
signed up to
file their
FAFSA forms,
for $175
million. Then
Chase learned
Frank had only
300,000
customers.
On
April 4, 2023,
Frank founder
Ms. Charlie
Javice was
brought before
U.S. District
Court for the
Southern
District of
New York
Magistrate
Judge Barbara
C. Moses,
represented by
Quinn
Emanuel.
The
complaint
quotes Javice
messages with
the engineers
she hired to
create the
false data,
and to enter
in data she
bought on the
open market.
To one of
them, she is
quoted, "We
don't want to
end up in
orange
jumpsuits."
In
the tri-state,
it is
Westchester
County
Department of
Corrections in
Valhalla that
dresses its
inmates in
orange. MDC
Brooklyn uses
beige; Essex
County
Corrections
Facility in
New Jersey
uses yellow.
In any event,
white collar
defendant
Javice, who
took on an
appropriately
or
strategically
contrite look
on Worth
Street still
barricaded for
the nearby
state court
arraignment of
former
President
Donald Trump,
was freed on
$2 million
bond, travel
restricted to
SDNY and EDNY
and the
Southern
District of
Florida, where
she lives.
On May
18,
Javice was
indicted on
bank, wire and
securities
fraud counts,
and the case
assigned to District
Judge Alvin K.
Hellerstein.
In June
the US
prosecutors
sought to intervene in
and stay the
SEC's case
against
Javice. Inner
City Press
attended and
covered the oral
argument and
now first
reports that
Judge Lewis
J. Liman has
granted the
motions to
intervene and
stay, noting
among other
things that "Javice
will have
access to a
vast amount of
material
usable in the
civil case
through the
means of Rule
16 discovery
in the
criminal case.
That discovery
will include
virtually all
of the SEC’s
investigative
file. And it
will include
documents from
at least 30
different
third parties.
She has not
made a
convincing
case that she
needs more
document
discovery to
be prepared to
move quickly
in this case
when the
criminal case
is resolved
and the stay
is lifted."
The
(stayed) civil
case is
Securities and
Exchange
Commission v.
Javice et al,
23-cv-2795
(Liman)
On July
13, Javice and
her co-defendant
were arraigned,
and Judge
Hellerstein
asked why JPMC
didn't find
the fraud in
due diligence.
Inner
City Press was
there, thread:
All
rise!
Judge:
How do you
plead? Javice:
Not guilty.
Judge: How do
you pronounce
your name?
Javace?
Javice:
"Jah-veese."
Judge:
And Mr Amar?
Amar
(takes off
COVID mask
still required
in this
courtroom) Not
guilty
Judge
Hellerstein:
I'm puzzled,
why didn't JP
Morgan Chase
figure this
out during due
diligence?
AUSA: They
created fake
data. [Javice
is shaking her
head No, pink
cardigan tied
over her
shoulders]
Judge:
Defense wants
a delay?
Spiro: The US
is just
regurgitating
JPM Chase's
civil case.
AUSA: Mr Spiro
is confused
about Rule 16.
Judge: Can you
subpoena JPMC?
AUSA: We'd
have to see if
that complies
with Rule 17.
Judge to AUSA:
Why don't
*you* subpoena
JPMC?
AUSA:
We'll be
getting it.
Judge: We'll
meet in 30
days. August
15 at 11
am. I'll
sent a motion
schedule at
that time.
Adjourned.
On July
27, the
prosecutors
wrote it to
say they are
unavailable
on August
15, and that
the Court said
it would be
available
on September
20. But Javice
will not consent to exclude
Speedy Trial
Act time
until then.
Letter on
Patreon here.
On
August 23,
Inner City
Press was
there. Thread.
On November
7 Judge
Hellerstein
set a trial
date of
October 15,
2024.
In January, after
a
hearing Inner
City Press
attended, Javice
jaunty at the
defense table,
Judge
Hellerstein
docketed: "1.
JPMC is to
produce all
documents in
the possession
or control of
the custodians
identified in
Exhibit B to
the transcript
of argument,
in all forms
of media... 2.
JPMC shall
file by March
29, 2024 a
complete and
comprehensive
privilege log
consistent
with the
requirements
of Local Rule
26.2.
Defendants
shall submit
its objections
directly to
JPMC by April
30, 2024, and
enter into
conversations
with JPMC to
resolve issues
of privilege.
JPMC shall
file a
modified
privilege log,
reflecting the
results of
such
conversations,
by May 16,
2024. The
Court will
hear privilege
challenges,
via a
privilege
sampling
procedure
outlined in
the
transcript, on
May 30, 2024
at 2:30 pm...
Final
Pre-Trial
Conference to
be held, as
previously
set, on
October 15,
2024 at 11 a.m..
trial, October
28, 2024."
This case is
US v. Javice,
et al., 23-cr-251
(Hellerstein)
***
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