Ex-CEO of Fashion Startup CaaStle to Face US Fraud Charges (2)

The founder of fashion platform CaaStle Inc. has been charged by federal prosecutors with defrauding investors out of more than $300 million following the collapse her tech start-up.

Christine Hunsicker, 48, turned herself in to face the charges on Friday morning, pleaded not guilty during an afternoon court appearance in Manhattan and was released on a $1 million bail package. The Securities and Exchange Commission also filed a lawsuit against her in the same court.

Christine Hunsicker in 2019

Photographer: Mark Kauzlarich/Bloomberg

The legal moves come months after Hunsicker resigned as CaaStle’s chief executive officer over allegations she lied to investors about the company’s financial ...