Christine Hunsicker, the founder and former CEO of fashion tech company CaaStle Inc., has been sentenced to five years in federal prison for orchestrating a $300 million fraud scheme. The scheme, which ran from 2019 to 2025, involved providing investors with falsified documents that misrepresented the company's financial health, specifically overstating profits and cash reserves.
Hunsicker pleaded guilty to one count of securities fraud in March, admitting to defrauding hundreds of investors. In addition to the prison sentence, she will also serve three years of supervised release. The Manhattan US attorney's office announced the sentencing on Thursday.
Fashion Tech CEO Gets 5 Years for $300 Million Investor Fraud
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