Fashion entrepreneur from New Jersey accused of $300M fraud

NEW YORK  — A former chief executive of two clothing technology companies who was once portrayed as an on-the-rise fashion entrepreneur has surrendered to face charges in an indictment unsealed Friday, alleging that she cheated investors of over $300 million over the last six years.

Christine Hunsicker, 48, of Lafayette, New Jersey, was charged with six counts, including fraud, aggravated identity theft and false statement charges in the indictment in Manhattan federal court.

U.S. Attorney Jay Clayton said in a release that Hunsicker forged documents, fabricated audits and made material misrepresentations about her company’s financial condition to defraud investors in CaaStle Inc. and P180.

The indictment said she portrayed CaaStle as a high-growth, private company with substantial…