Business · 21 August 2026
Fashion tech founder gets five years for $300m fraud
Christine Hunsicker, 49, received a federal prison sentence on Thursday after being found guilty of a plan which swindled hundreds of investors. The individual who established and formerly led CaaStle Inc. admitted guilt in March to a single charge of securities fraud. Prosecutors said Hunsicker used fake documents to hide her company's financial problems and raise money.
Reported by Guardian · How we write briefs