CaaStle: The Devil Rents Prada
Corporate Gossip
Becca Platsky
5.0 • 590 Ratings
🗓️ 22 May 2026
⏱️ 64 minutes
🧾️ Download transcript
Summary
If you're in the mood for a classic true crime beach read look no further than the CaaStle fraud! In 2024 Christine Hunsicker was a leather jacket wearing, mohawk donning, Forbes cover girl who made headlines for her clothing subscription service that boasted nearly a billion dollars in annual revenue. Investors were pumping her company full of cash on the promise of infinite hockey stick growth. But had those investors, including Bill Ackman and Peter Theil, used a single brain cell (!!) they would have discovered that Hunsicker's fashion business was a complete fabrication. By the end of the year she would plead guilty to a fraud worth $300m, one of the biggest financial frauds in recent history, and now faces up to 20 years in prison.
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Links:
This Startup Wanted to Revolutionize Fashion. Now It's Under Investigation for Fraud.
The Tech Fashion Darling Accused of Swindling Investors Out of $300 Million
CaaStle let CEO remain after learning of alleged fraud
Good News: Libraries are for Everyone: How immigrants are finding community in Massachusetts libraries
Transcript
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| 0:00.0 | Welcome to the corporate gossip podcast, the business podcast for gossip lovers. |
| 0:04.5 | You don't need to know anything about business to enjoy the corporate gossip podcast, but you might learn something along the way. |
| 0:10.8 | Today's episode, Castle, the devil rents Prada. |
| 0:38.9 | Okay. Welcome back to the corporate gossip podcast. I'm your host, CPS Gorn, Becca Platsky. I'm here my co-host. Out of office reply guy, Robbie Slavic. And you know, Robbie, in these times when so much is so |
| 0:44.9 | unpredictable, I love a moment to take respite in a classic fraud. And what we have here is the Leanne Moriarty or Colleen Hoover or James Patterson a fraud. |
| 0:58.2 | It's a beach fraud. |
| 0:59.1 | Oh, just a comfort blanket of fraud. |
| 1:00.7 | It really is. |
| 1:01.7 | I just love it. |
| 1:02.6 | Like, just the classic juicy fraud elements that pair perfectly with a Stanley, half full of rosé |
| 1:08.4 | and an above ground pool, splish splash. Oh, my God. It is summertime, baby. |
| 1:14.3 | We need this. I love this. I know. It's going to feel good, guys. It's so much fun. This is like a |
| 1:18.5 | hallmark fraud. It is a hallmark fraud. It has all the great elements. Remember how I say, |
| 1:23.8 | like, anyone can do fraud. You really don't have to be especially bad or broken or cunning. |
| 1:29.1 | You can literally be just a frumpy lady with bad fashion. And she just doesn't look like a lady |
| 1:34.8 | that would do fraud. Does she look like a fraudulent lady to you? No, well, that's why it's such, |
| 1:38.9 | that's why she's such a great fraudster. Yeah. Yeah. The person you would suspect the least. |
| 1:44.0 | I also love you as an inspirational salesman for fraud. Yeah. Yeah. The person you would suspect the least. I also love you as an |
| 1:45.4 | inspirational salesman for fraud. Guys, anyone, anyone can do fraud. It doesn't matter what you |
| 1:50.7 | think. It doesn't matter where you've been or where you're going or what, you know, even you |
| 1:54.0 | can defraud people. It's true. I consider, in this way, you guys, I don't know if you'll be |
| 2:00.3 | surprised to hear me say this. |
... |
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