Last mentioned: Mar 5, 2026
Sentencing
Scheduled sentencing date before U.S. District Judge Paul Oetken.
Guilty Plea
Hunsicker pleads guilty to securities fraud and agrees to forfeit $300 million.
Guilty Plea
Hunsicker pleads guilty to securities fraud and agrees to $300M forfeiture.
Guilty Plea
Hunsicker pleads guilty to securities fraud and agrees to $300M forfeiture.
Criminal Charges
Hunsicker is charged with six criminal counts including securities fraud and money laundering.
Criminal Charges
Hunsicker charged with six criminal counts including money laundering and securities fraud.
Criminal Charges
Federal prosecutors charge Hunsicker with six criminal counts including money laundering.
Bankruptcy Filing
CaaStle files for Chapter 7 bankruptcy liquidation as cash reserves vanish.
Bankruptcy Filing
CaaStle files for Chapter 7 bankruptcy liquidation.
Bankruptcy Filing
CaaStle files for Chapter 7 liquidation as cash reserves evaporate.
Scheme Ends
Final period of fraudulent activity identified by federal investigators.
Peak Deception
Fabricated records show $440M in revenue and $66M in profit for the fiscal year.
Peak Deception
CaaStle reports record (fabricated) profits and revenue to maintain unicorn status.
Fraud Scheme Begins
Federal prosecutors allege the six-year campaign of financial fabrication commences.
Fraud Begins
Start of the six-year scheme involving fabricated audits and financial statements.
Fraud Scheme Begins
Hunsicker starts providing fabricated financial documents to venture investors.
Industry Recognition
Hunsicker named to Inc. magazine's 'Most Impressive Women Entrepreneurs' list.
Industry Recognition
Hunsicker named to Inc. and Crain's lists of top entrepreneurs.
Christine Hunsicker, founder of the clothing-as-a-service startup CaaStle, has pleaded guilty to a massive $300 million securities fraud scheme. The entrepreneur admitted to fabricating audits and financial records to maintain a $1.4 billion valuation while the company was actually insolvent.
Christine Hunsicker, founder of the fashion-tech startup CaaStle, pleaded guilty to securities fraud for orchestrating a $300 million scheme involving fabricated financials and forged audits. The fraud misled hundreds of venture capital investors into believing the failing company was a billion-dollar powerhouse before its 2025 collapse.
Christine Hunsicker, founder of the fashion tech startup CaaStle, has pleaded guilty to a $300 million securities fraud involving fabricated financial records and forged audits. The scheme misrepresented a failing business as a $1.4 billion 'Clothing-as-a-Service' leader, concealing massive losses from hundreds of investors.