Christopher Kirchner case: Former Slync CEO convicted on fraud [Video]

WESTLAKE, Texas — The founder of Slync, a supply-chain management software startup, was sentenced to 20 years in federal prison for defrauding investors of tens of millions of dollars, authorities announced Thursday.

A jury convicted Christopher Kirchner, 37, of four counts of wire fraud and seven counts of engaging in monetary transactions in property derived from specified unlawful activity. He was sentenced to 240 months in federal prison by U.S. District Judge Mark Pittman, who also ordered him to pay more than $65 million in restitution.

“Even as his company was circling the drain, Chris Kirchner was spending millions of his investors’ money on himself. Apparently, projecting personal prosperity was more important to him than making payroll,” Simonton said.

Kirchner founded Slync in 2017 and held the position of CEO until his termination by the Board …