Christine Hunsicker, former CEO of CaaStle, gave investors falsified documents that overstated profit and cash reserves

A fashion tech founder was sentenced to five years in federal prison for her involvement in a $300m “fraud scheme” spanning from 2019 to 2025, the Manhattan US attorney’s office announced on Thursday. Christine Hunsicker, 49, was also sentenced to three years of supervised release.

Hunsicker, the founder and ex-CEO of CaaStle Inc, had pleaded guilty this March to one count of securities fraud in relation to a scheme that “defrauded hundreds of investors”, authorities said. Her attorneys did not immediately respond to a request for comment.

Federal agents also ‘seized electronic devices’ from former Democratic representative at San Francisco airport

Authorities are said to have searched the Washington DC home of disgraced former California Democratic representative Eric Swalwell on Sunday amid an ongoing law enforcement investigation into sexual assault allegations.

CNN reported that federal agents on Saturday also “seized electronic devices” from Swalwell at the San Francisco airport, citing unnamed sources familiar with the investigation. Multiple other outlets have confirmed the federal search; the Daily Mail was the first to report this law enforcement activity.