The Frank student aid startup founder is guilty of defrauding JPMorgan. The max sentence is 30 years in prison.

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.

A Manhattan jury on Friday issued a guilty verdict against Charlie Javice, the 33-year-old CEO who duped JPMorgan Chase into buying her student-loan startup and was hit with a series of fraud-related charges.