Retail GazetteBusiness & Tech• 2 min read

Fashion tech founder jailed for five years over $300m investor fraud

Published 21 August 2026, 8:31am

The founder of fashion rental technology business CaaStle has been sentenced to five years in prison after admitting to orchestrating a $300m (£223m) fraud that deceived hundreds of investors.

Read the full story at Retail Gazette

Havoc links to the original reporting. The full story stays with the publisher.

Was this worth reading?Sign in to vote

More in Business & Tech

The Register

The White House is apparently a popular residential proxy exit spot

How it got there is another matter entirely

Business & Tech Finextra

Finra fines Webull $4.2m for AML and best execution failures

Digital investing platform Webull has been fined $4.2 million by US regulators for failing to roll out "reasonably designed" programmes for anti-money laundering, identity theft prevention and best execution.

Business & Tech The Register

Get root on a musl Linux system by slamming it with an overly long password

Decade-old vulnerability in OpenSSH is now fixed, so get a-patchin'

Business & Tech