Fashion-Tech Fiasco: CEO’s $300M Lie
The U.S. Department of Justice (DOJ) has brought forth charges against the 48-year-old Hunsicker, alleging that she defrauded investors of a staggering $300 million by presenting a most…creative picture of the company’s financial health 📈. It appears that Hunsicker, in her zeal to keep CaaStle afloat, resorted to forging documents, fabricating income statements, and falsifying bank records, all in an effort to convince investors that the firm was swimming in gold 💸.