- Christine Hunsicker, 48, was released on $1 million bail after pleading not guilty to six fraud charges, including defrauding investors of over $300 million over six years.

- Prosecutors allege she fabricated audits, falsified financial statements, and misrepresented CaaStle’s financial health to secure investments in her companies.

- Her defense team claims the indictment paints an incomplete and distorted picture, emphasizing Hunsicker’s cooperation with authorities.

- CaaStle filed for bankruptcy, leaving investors with worthless shares, while the SEC highlighted her false claims about a potential IPO or sale.

- Once a celebrated entrepreneur, Hunsicker allegedly lied to investors from 2019 to 2024, inflating profits and concealing the company’s financial collapse.

Christine Hunsicker, a former chief executive of two clothing technology companies, was released on $1 million bail after pleading not guilty to charges alleging she cheated investors out of over $300 million over the past six years. Hunsicker, 48, of New Jersey, faces six counts, including fraud, aggravated identity theft, and false statement charges in the indictment filed in Manhattan federal court.

U.S. Attorney Jay Clayton stated that Hunsicker forged documents, fabricated audits, and made material misrepresentations about her company’s financial condition to defraud investors in CaaStle Inc. and P180. The indictment alleges that Hunsicker portrayed CaaStle as a high-growth, private company with...

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