In the criminal law there is a big difference between accepting a plea bargain, which generally involves the accused allocuting in open court and admitting to wrongdoing, and pleading no contest which is specifically not an admission of guilt, but a pragmatic decision that the costs borne fighting the charge outweigh the benefits.

Quoting littletimmy above: You mean to say JP Morgan is appointed a lowly paid public defender and intimidated into a plea deal?

lawyers fees dont cost billions (yet)