{"id":947875,"date":"2025-07-19T07:31:43","date_gmt":"2025-07-19T02:01:43","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=947875"},"modified":"2025-07-19T07:44:56","modified_gmt":"2025-07-19T02:14:56","slug":"clothing-tech-entrepreneur-charged-with-300-million-fraud-in-us","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/07\/19\/clothing-tech-entrepreneur-charged-with-300-million-fraud-in-us\/","title":{"rendered":"Clothing tech entrepreneur charged with $300 million fraud in US"},"content":{"rendered":"<p>A prominent entrepreneur who founded the now-bankrupt clothing technology startup CaaStle was criminally charged on Friday with defrauding investors out of more than $300 million, the U.S. Department of Justice said. <\/p>\n<p>Authorities said Christine Hunsicker, 48, of Lafayette, New Jersey, promoted CaaStle to investors as a more than $1.4 billion &#8220;Clothing-as-a-Service&#8221; business that helped companies rent apparel to consumers with an option to buy, despite knowing it was financially distressed and short of cash.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A prominent entrepreneur who founded the now-bankrupt clothing technology startup CaaStle was criminally charged on Friday with defrauding investors out of more than $300 million, the U.S. Department of Justice said. Authorities said Christine Hunsicker, 48, of Lafayette, New Jersey, promoted CaaStle to investors as a more than $1.4 billion &#8220;Clothing-as-a-Service&#8221; business that helped companies rent apparel to consumers with an option to buy, despite knowing it was financially distressed and short of cash.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-947875","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/947875","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=947875"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/947875\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=947875"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=947875"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=947875"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}