Charlie Javice, founder of Frank, a financial aid startup, has been convicted of defrauding JPMorgan Chase out of $175 million.

Federal prosecutors convinced a jury that Ms. Javice, along with one of her executives, had faked much of her customer list before selling her start-up, Frank, to the bank.

Charlie Javice, the founder of student loan application startup Frank that was purchased by JPMorgan for $175 million, was found guilty on Friday of