A former fashion startup CEO has been charged with allegedly cheating investors out of over $300 million in a six-year investment fraud scheme. Christine Hunsicker, 48, was indicted on six counts, including fraud and aggravated identity theft. She forged documents, fabricated audits, and made false statements about her company’s financial condition to defraud investors in CaaStle Inc. and P180. Despite being removed from the board of directors, she continued her scheme even after law enforcement confronted her. Hunsicker had once been hailed as a rising star in the fashion world but now faces serious consequences for her actions.
Source: https://apnews.com/article/fashion-hunsicker-caastle-fraud-08720983ce404093425b3cc5fbddeb78