Caastle founder pleads guilty in $300m fraud case

WASHINGTON – Christine Hunsicker, founder of fashion rental technology company CaaStle, has pleaded guilty in the US to securities fraud. Prosecutors said Hunsicker admitted to a scheme that defrauded investors out of hundreds of millions of dollars, with the plea including forfeiture of nearly US$300m linked to CaaStle and a related venture, P180.

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