Overview

• Federal prosecutors unsealed a six-count indictment accusing Hunsicker of wire fraud, securities fraud, money laundering, false statements to a bank and aggravated identity theft in an alleged scheme to defraud investors of more than $300 million.
• She pleaded not guilty and secured release on a $1 million bail package that includes surrendering her passport, travel and contact restrictions, drug testing and mental health evaluation.
• The SEC filed a civil lawsuit alleging Hunsicker falsified financial statements and audit reports to raise over $250 million for CaaStle, and investors in her co-founded venture P180 have sued her for fabricating subscriber and revenue figures.
• CaaStle sought Chapter 7 bankruptcy protection in Delaware on June 20, reporting $10 million to $50 million in liabilities, and is now proceeding through liquidation.
• Her defense team maintains she fully cooperated with investigators and argues the indictment presents an incomplete narrative as she awaits pretrial proceedings before Judge J. Paul Oetken.