Caastle Founder Charged With Fraud, Turns Herself In

Christine Hunsicker, laminitis of nan manner startup CaaStle, turned herself successful to authorities Friday to look fraud charges, authorities confirmed to Bloomberg. 

The US Attorney for nan Southern District of New York unsealed an indictment against her, charging her pinch ligament fraud, securities fraud, money laundering, aggravated personality theft, and lying to financial institutions. She is accused of defrauding her investors retired of much than $300 million.  

Hunsicker resigned arsenic CEO of CaaStle after her committee alleged that she misled investors astir nan company’s financial performance. The institution raised much than $500 cardinal successful backing and revenge for bankruptcy successful June. 
In summation to nan SEC’s case, an apparel institution and an finance conveyance launched by CaaStle are besides suing nan institution over financial matters. Two erstwhile labor told TechCrunch they weren’t amazed to perceive nan institution faced financial troubles owed to really discreet executives were astir nan company’s financial health.