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Christine Hunsicker pleaded guilty to defrauding investors of $300 million through fake financial records at her fashion-tech company, CaaStle Inc.
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.
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.
Hunsicker admitted to forging documents and misleading investors during fundraising for CaaStle and a related venture, P180.
The company filed for bankruptcy in June 2025.
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.
The SEC has also filed a civil action seeking penalties and a ban on her serving as a corporate officer or director.
Christine Hunsicker se declaró culpable de defraudar a los inversores de 300 millones de dólares a través de registros financieros falsos en su empresa de tecnología de la moda, CaaStle Inc.