Founder of clothing tech startup CaaStle pleads guilty in $300 million fraud case

Teona Gherasim

NEW YORK, March 4 : The once-prominent entrepreneur of bankrupt clothing technology startup CaaStle pleaded guilty on Wednesday in connection with her scheme to defraud investors out of more than $300 million, federal prosecutors said. Christine Hunsicker, 48, of Lafayette, New Jersey, pleaded guilty to one count of securities fraud and agreed to forfeit nearly $300 million before U.S. District Judge Paul Oetken in Manhattan. She will be sentenced on August 5, and faces up to 20 years in prison.

Founder of clothing tech startup CaaStle pleads guilty in $300 million fraud case https://www.channelnewsasia.com/ - 04.03.2026 23:10

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Founder of clothing tech startup CaaStle pleads guilty in $300 million fraud case https://www.channelnewsasia.com/ - 04.03.2026 23:10