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flag Christine Hunsicker pleaded guilty to defrauding investors of $300 million through fake financial records at her fashion-tech company, CaaStle Inc.

flag Christine Hunsicker, founder of fashion-tech company CaaStle Inc., pleaded guilty to securities fraud for fabricating financial records to defraud investors of over $300 million. flag She misrepresented revenue, profits, and cash reserves across six years, including falsely claiming a $66.3 million profit in 2023 when the company lost $81 million. flag Hunsicker admitted to forging documents and misleading investors during fundraising for CaaStle and a related venture, P180. flag The company filed for bankruptcy in June 2025. flag As part of her plea, she agreed to forfeit nearly $300 million and faces up to 20 years in prison when sentenced on August 5, 2026. flag The SEC has also filed a civil action seeking penalties and a ban on her serving as a corporate officer or director.

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