Wall Street hails conviction of young woman who conned JPMorgan—but asks how bank failed to catch $175 million fraud

To convince the bank to buy his startup, Javice had assured JP Morgan that Frank had 4.25 million customers, when in reality he had only 300,000.

Charlie Javice must wear an ankle monitor despite her budding Pilates career, judge rules

Charlie Javice outside federal court in Manhattan.Mike Segar/ReutersCharlie Javice faces up to 30 years for tricking JPMorgan into buying her fintech startup for $175M.After Friday's verdict, her lawyers argued wearing an ankle monitor would ruin her Pilates career.A judge Tuesday ordered her to wear the monitor, but suggested he may change his mind in the future.Convicted JPMorgan fraudster Charlie Javice will have a tougher time teaching Pilat…

Wall Street hails conviction of young woman who conned JPMorgan—but asks how bank failed to catch $175 million fraud

Charlie Javice could face 14 to 17.5 years when she is sentenced in July

Javice and Amar Convicted — But Was JPMorgan Actually Defrauded?

In a closely watched federal trial that gripped Wall Street and Silicon Valley alike, a Manhattan jury on Friday found Charlie Javice and Olivier Amar guilty on all charges — including conspiracy, wire fraud, bank fraud, and securities fraud — in connection with the $175 million sale of their college financial aid startup, Frank, to JPMorgan Chase. But beneath the headline verdict lies a thorny question that legal experts, defense attorneys, and…