Fashion Startup Founder Christine Hunsicker Turns Herself in

Fashion startup founder Christine Hunsicker has turned herself in to face charges of wire fraud, securities fraud, and money laundering. She is accused of defrauding investors out of over $300 million. The U.S. Attorney’s office unsealed an indictment against her after the company raised more than $500 million in funding.

Hunsicker resigned as CEO of CaaStle following allegations by her board that she misled investors about the company’s financial performance. The company filed for bankruptcy in June. Additionally, two former employees have filed lawsuits claiming they were unaware of the company’s financial struggles due to a lack of transparency from executives.

Source: https://techcrunch.com/2025/07/18/caastle-founder-charged-with-fraud-turns-herself-in