A woman backed by wealthy advisers who built a company to make it easier for college students to apply for financial aid has gone on trial on criminal charges that she defrauded JPMorgan Chase & Co. in a $175 million buyout.

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With an indictment and a not-guilty plea, the fraud case against the founder of a student loan assistance startup company that J.P. Morgan Chase acquired for $175 million two years ago took a step toward trial on Monday in a New York court.

The fraud case against the founder of a student loan assistance startup company that J.

The founder of the student loan assistance startup company Frank that J.

A startup founder who lives in Miami Beach could face decades behind bars for orchestrating a $175 million fraud when selling her company, federal prosecutors said Tuesday.