Hanncicker is accused of securities, money laundering, personality theft and wrong information to banks. According to the investigation, investors deceived more than $ 300 million.
Hancicker, the Board of Directors accused him of blaming misleading investors about the financial situation of the company, resigned Caastle CEO. The beginning attracted more than $ 500 million for the whole time, but in June he made a bankruptcy statement.
In addition to a criminal case, a clothing manufacturer and an investment structure associated with Caastle were claimed against the company. In addition, two former employees told Techcrunch that they were not surprised by the financial problems of the company. According to them, the leadership was very secret and did not share information about money.
Source: Ferra
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
