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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