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Brazilian Outlook

Fashion CEO Hunsicker Gets Five Years for $300 Million Fraud



The prison term was much shorter than the 12 1/2 years sought by prosecutors, who compared Hunsicker to Theranos Inc. founder Elizabeth Holmes. Holmes, who is serving a 10-year sentence for an $800 million fraud tied to her blood-testing startup, and Hunsicker both “destroyed more wealth than most people could imagine,” the government said in a court filing.

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