This article was prepared using automated systems that process publicly available information. It may contain inaccuracies or omissions and is provided for informational purposes only. Nothing herein constitutes financial, investment, legal, or tax advice.
The U.S. Department of Justice has charged Christine Hunsicker, CEO of fashion tech firm CaaStle, with defrauding investors of over $300 million. Authorities allege she falsified financial documents to mislead investors about the company’s profitability. If convicted, she faces decades in prison.
- Christine Hunsicker allegedly forged financial documents to falsely claim CaaStle had $200 million in cash when it only had $200,000.
- She raised an additional $20 million by falsifying a board director’s signature to authorize stock options.
- Hunsicker also defrauded P180 investors by misrepresenting CaaStle’s financial health to secure $30 million in funding.
📎 Related coverage from: dailyhodl.com