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The Guardian Business · Aug 20, 2026 10:27 PM EDT Not market news

Fashion tech founder sentenced to prison for $300m fraud scheme

Christine Hunsicker, former CEO of CaaStle, gave investors falsified documents that overstated profit and cash reservesA fashion tech founder was sentenced to five years in federal prison for her involvement in a $300m “fraud scheme” spanning from 2019 to 2025, the Manhattan US attorney’s office announced on Thursday. Christine Hunsicker, 49, was also sentenced to three years of supervised release.Hunsicker, the fou…

Fashion tech founder sentenced to prison for $300m fraud scheme
Image The Guardian Business

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