Overview

• Federal prosecutors unsealed a six-count indictment accusing Hunsicker of wire fraud, securities fraud, money laundering, false statements to a financial institution and aggravated identity theft.
• The indictment alleges she used fabricated audits, falsified income statements and sham bank records to overstate CaaStle’s revenues and cash and raised over $275 million before extending the scheme to P180 to secure an additional $30 million.
• Prosecutors say she continued soliciting investments even after being removed as CaaStle’s chair and after law enforcement agents seized her electronic devices in March 2025.
• Hunsicker surrendered to authorities on July 18 and pleaded not guilty at her federal court appearance, with pretrial proceedings pending before Judge J. Paul Oetken.
• The U.S. Securities and Exchange Commission filed parallel civil charges the same day, underscoring coordinated enforcement against fraud in pre-IPO technology ventures.