Fashion tech CEO faked audits in $300m fraud scheme

Founder of US fashion tech start-up CaaStle jailed for five years after using fabricated audits and forged financial statements to dupe investors in multimillion dollar fraud

Christine Hunsicker, 49, of New Jersey, the former CEO and founder of CaaStle, a US fashion-tech company, has been sentenced to five years in prison after pleading guilty to securities fraud in connection with a fraudulent scheme to defraud hundreds of investors, using fake audits to stack up her numbers.

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