Fashion tech founder sentenced to prison for $300m fraud scheme

Christine Hunsicker, former CEO of CaaStle, gave investors falsified documents that overstated the brand’s operating profit and revenue A fashion tech founder was sentenced to five years in federal prison for her involvement in a $300m “fraud scheme” spanning from 2019 to 2025, the Manhattan US attorney’s office announ

A former CPS principal has been sentenced to a little more than a year in federal prison on wire fraud charges for a nearly decade-long scheme to defraud multiple school networks and nonprofits out of more than $1 million. U.S. District Judge Lindsay C. Jenkins sentenced Brian Metcalf, a former CPS network chief and pr

The founder of Evergrande, the property giant at the centre of China's housing market slump, has been sentenced to life in prison and had all of his personal property confiscated.

The Chinese tycoon pleaded guilty in April to eight charges, including misuse of funds, fundraising fraud, illegally taking public deposits, illegally extending loans, fraudulently issuing securities and bribery.

The founder of China Evergrande Group, the world's most-indebted property developer, was sentenced to life in prison by a Chinese court on Thursday, five years after the firm's collapse shook the nation's economy and financial markets.

Chinese property developer Hui Ka Yan, founder of the Evergrande real estate group, has been sentenced to life in prison and the companies fined a total of US$2.3 billion, a court in the southern city of Shenzhen said Thursday.

Hui Ka Yan, who had faced eight charges including misuse of funds and illegally taking public deposits, pleaded guilty in April, following China Evergrande's collapse five years ago after a quarter of a century in operation.

A Chinese court ordered the former billionaire's assets to be confiscated and fined Evergrande-related companies billions of dollars.

Evergrande founder Hui Ka Yan sentenced to life in prison  thetimes.com

Evergrande Founder Sentenced to Life in Prison  WSJ

China debt crunchRuling and confiscation of assets cement downfall of former billionaireChina Evergrande Group's then-Chairman Hui Ka Yan attends a news conference on the property developer's annual results in Hong Kong in March 2017. © ReutersLORRETTA CHENAugust 20, 2026 14:27 JSTHONG KONG -- The founder of collapsed

HONG KONG: The billionaire founder of China Evergrande Group, the world's most-indebted property developer, was sentenced to life in prison on Thursday (Aug 20) by a Chinese court, which ordered all his personal property confiscated.Hui Ka Yan pleaded guilty in April to eight charges, including misuse of funds, fundrai

Hui's sentencing marks a key moment in the fallout from Evergrande's collapse, which shook China's property sector.

The Shenzhen Intermediate People’s Court has sentenced Hui Ka Yan, the founder of China’s Evergrande real estate group, to life in prison Thursday for large-scale fraud

Founder Hui Ka Yan faced eight charges including misuse of funds, fundraising fraud and illegally taking public deposits.

The Shenzhen Intermediate People’s Court has sentenced Hui Ka Yan, the founder of China’s Evergrande real estate group, to life in prison Thursday for large-scale fraud

Chinese court sentences Evergrande founder to life in prison for fraud  AP News

China Evergrande founder sentenced to life in prison  Reuters