Christine Hunsicker
Christine Hunsicker is an American entrepreneur and the CEO and Co-Founder of CaaStle, a retail industry online clothing subscription service that allowed women to access for rental an unlimited wardrobe.
, she is under indictment by the US Government for wire fraud, securities fraud, money laundering, making false statements to a financial institution, and aggravated identity theft.
Early life and education
Christine Hunsicker grew up in Pennsylvania. She attended Princeton University, where she graduated with a Bachelor of Arts in Medieval Studies in 1999.Career
In 2011, Hunsicker launched Gwynnie Bee, a subscription model clothing service. She focused first on sizes 10–32 after discovering that 80% of American women fall into this size range, most of whom are severely underserved by traditional retailers.Hunsicker utilized her experience with start-ups, algorithms, and other data-based methodologies to shape the company's operations. Originally run out of her New York City apartment, Gwynnie Bee once operated from 5 offices in the USA and India and employed around 350 people. The company offered more than 150 rental brands and had shipped over 3 million rental boxes as of August 2016.
In October 2016, Hunsicker starred on Lifetime's Project Runway: Fashion Startup, a spinoff of the successful reality TV series. Delving into the business side of the fashion industry, entrepreneurs pitched their startups to a panel of investors for financial backing. Media coverage of the show included an appearance by Hunsicker on The Today Show.
In January 2018, Gwynnie Bee refashioned its service to be size inclusive. Hunsicker also expanded the scope of her company to become a platform for retailers and brands to create rental services and named this company CaaStle, with the 'CaaS' prefix standing for Clothing-as-a-Service.
Prior to Gwynnie Bee, Hunsicker was COO of Drop.io and President and COO of Right Media, two tech start-ups that were bought by Facebook and Yahoo!, respectively, the latter for $850 million.
Hunsicker has discussed her perspectives on the fashion industry, size inclusiveness, underserved markets, and the future of retail on various programs including Fox Business.
Criminal Investigation
In 2025, Hunsicker became the subject of criminal charges accusing her of defrauding investors out of $300 million following an internal review conducted by CaaStle that found she had provided investors with misstated financial statements, falsified audit opinions, and inaccurate capitalization data that understated the number of company shares outstanding.The United States Securities and Exchange Commission noted similar complaints that allege Hunsicker exaggerated profits by 7,300%. This was alongside other allegations of fraud. Hunsicker allegedly showed investors financial statements for CaaStle audited by the firm BDO in 2022. However, BDO stated that they did no business with CaaStle that year.
Investors also allegedly purchased shares of original company stock that were misrepresented as outstanding shares, diluting the value of these shares and generating new capital for the company to maintain solvency despite having never been profitable.
These actions led to a severe liquidity crisis at CaaStle, prompting the company to furlough all employees. Hunsicker resigned as CEO and director in March 2025, and a shareholder letter announced that the company was under investigation by law enforcement.