The problem startup Caastle is already faced with two new lawsuits and more allegations

Caastle, the launched fashion startup, whose board of directors accused his founder Christine Hunsker for financial violations, began to face court cases by a partner and a supplier for missed payments and more allegations of fraud.

AS First reported by Axios And in the costumes observed by TechCrunch, Caastle was tried by the P180, a vehicle that launches to invest in companies that used Caastle Technology, and by Exp Topco, a clothing company that says that Caastle has never paid it for it, has never paid it, as it reached, as it has reached it, as it reached it, it has reached it as it reached it, as it has reached it as it reached it.

A Caastle representative did not immediately answer TechCrunch’s request for comment.

Thehe P180 costume He claims: “Nothing about Kaastal was true.” The trial claims that Kaastal has tried to hide details of his income and financial stability from P180. “He then deceptively challenges the P180, among other things, to raise capital and take numerous loans with the expectation that the P180 will acquire viable assets that the P180 eventually made,” the claim, adding that Castol also tried to force the two to merge.

The claim continues to say that since the P180 believes it is misled, its “investors take full control of the board,” the costume continues. “The P180 is harmful over $ 58 million and is looking for a recovery of these revenues, the cancellation of the contract and the unwinding corporate connections between themselves and Caastle.”

Meanwhile, Exp Topco is also judging. It claims that Castol has violated Settlement Agreement by not paying fines after reaching the agreement over the suspected copyright violation.

Axios is too Reporting rumors of a possible court case Against an investment company that brought Caastle investors to retail, although it does not take into account the name of the investor. Axios first announced the news about Kaastle’s financial problems a month ago. Hunsicker, the founder of the company, resigned from the board and withdrew from its role as CEO when the company said it was investigating allegations of financial violations.

The company is investigating bankruptcy and provided $ 2.7 million in funding to help this process, Axios reported. Caastle raised over $ 530 million in total, with his last round raised in 2019 to $ 43 million, Pitchbook estimates.

In April, the board confirmed to TechCrunch that his financial circumstances were so terrible at the time that they should downplay employees. If all $ 530 million disappears, it will be one of the biggest cases of starting fraud in the latest history. For comparison, Frank, starting a student loan application, was purchased by JPMORGAN for $ 175 million. Frank’s founder, Charlie Javis, was found guilty of deceit last monthS

TechCrunch talks with two former employees who said they were not surprised to hear that the company had financial problems, although they did not witness any of the alleged frauds.

A former employee who wants to remain anonymous does not remember the company that conducts updates on its financial health or how well it is doing. “I think everyone was laughing and they were like,” Oh, we probably don’t make money, “the employee told TechCrunch.

When he was asked for a reaction to the allegations of fraud, this man said, “I don’t think anyone expected him.”