Wall Street hails Charlie Javice conviction—but wonders how JP Morgan failed to catch young woman’s $175 million fraud

Dealmakers have little sympathy for Charlie Javice, the startup founder who was convicted last week of tricking JPMorgan Chase into buying her startup. Javice, who just turned 33 last month, faces years in prison after a jury found her guilty of multiple counts of fraud. One venture executive said they would’ve been shocked if a jury had acquitted Javice. “This was an open and shut case … [Javice] created fake customers and left a clear paper trail!” the VC wrote in an email.

“This was...