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Chris Kirchner , whose company was once valued $240 million, was arrested in 2023 following a Forbes investigation that revealed he overstated company financials and spent lavishly on personal expenses. Chris Kirchner , the former CEO of tech startup Slync — once valued at more than $240 million after he raised millions from investors like Goldman Sachs , only to spend the money on a private jet and luxury cars — was sentenced to 20 years in prison on Thursday by the U.S.
The sentencing, among the harshest for a tech founder accused of fraud in recent years — Elizabeth Holmes of Theranos was sentenced to 11 years last year — caps a dramatic rise and fall for the young founder, who raised more than $80 million for Slync with the goal to become a major supplier of software for the logistics industry.
Chris Kirchner Tech Fraud Slync Tech
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