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 just regular ego-driven fraud,” one private equity executive told Fortune. These individuals, and others quoted in the story, asked not to be identified in order to speak freely.
