Caastle founder accused of fraud, and turns herself in

Christine Honsker, founder of Caastle startup The authorities assured Bloomberg.

American lawyer for the southern region of New York Indignation Against her, accusing her of fraud, wires, securities fraud, money laundering, strict identity stealing, and lying to financial institutions. She is accused It is fraud on its investors from more than $ 300 million.

Honsker resigned as CAASTLE CEO After its council claimed It has misled investors about the company’s financial performance. The company raised more than $ 500 million of financing and submitted bankruptcy in June.
In addition to the SEC case, a clothing company and an investment car launched by Caastle They also sue the company On financial matters. Two former Techcrunch employees had not been surprised by hearing that the company had faced financial problems because of the extent of the executives of the company’s financial health.