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

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.