Founder Of Goldman Sachs-Backed Tech Company Slync Is Charged With $67 Million Fraud

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'The justice department alleged that [Kirchner] then used that money to fund a lavish lifestyle, including a purchase of a $16 million private jet.' DavidJeans2 joins dianebrady on Forbes Newsroom to discuss Chris Kirchner's fraud charges.

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in July. The report detailed how Kirchner had misrepresented Slync’s finances to the board, and fired executives who had raised concerns about his alleged misconduct.

In one episode detailed by the DOJ, Kirchner texted a Slync employee that he was transferring investors money into an “investor account and a “chase” account, and instructed the employee to approve the wires. Instead, $20 million of Slync’s funds were transferred to his personal account. Kirchner then told his private bankers via an email that the $20 million was a distribution “from my company” — a transfer that had not been approved by the board of directors.

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DavidJeans2 dianebrady That’s crazy……..

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