CaaStle founder charged with fraud, turns herself in

Fashion Startup Castle founder Christine Honsika has turned himself to the authorities to face fraud allegations on Friday, Authorities have confirmed to BloombergThe

US Attorney for the southern district of New York To unsure a complaint He is against him, cable fraud, security fraud, money laundering, stealing identity and lying to financial institutions. Accused of him More than 300 million dollars to cheat its investors.

Honsika has resigned as Chief Executive Officer of Castle After the allegations of his board That he misled the investors’ financial performance of the company. The company has raised more than $ 500 million funds and filed for bankia in June.
In addition to the case of SEC, an investment vehicle launched by a garment agency and Castle The company is also suing against More than financial issues. Two former employees told TechCrunch that they were not surprised to hear the company face financial problems because of how they were prudent executives about the company’s financial health.