CaaStle founder charged with fraud, turns herself in

Christine Honsker, founding father of Caastle startup The authorities assured Bloomberg.

the US lawyer for the southern region of New York is an indictment Towards her, accusing her of fraud, wires, securities fraud, cash laundering, strict id stealing, and mendacity to monetary establishments. She is accused It’s fraud on its buyers from greater than $ 300 million.

Honsker resigned as CAASTLE CEO After its council claimed It has misled buyers in regards to the firm’s monetary efficiency. The corporate raised greater than $ 500 million of financing and submitted chapter in June.
Along with the SEC case, a clothes firm and an funding automotive launched by Caastle They also sue the company On monetary issues. Two former Techcrunch workers had not been stunned by listening to that the corporate had confronted monetary issues due to the extent of the executives of the corporate’s monetary well being.