Ex-Slync CEO Chris Kirchner was sentenced to 20 years in federal prison Thursday in the U.S. District Court for the Northern District in Fort Worth, Texas.
DSI Assignments, which is overseeing the auction, is seeking a buyer for all of Slync’s platform assets.
While logistics visibility platform provider Slync had hoped that new management and a $24 million cash infusion in February would be enough to save the FreightTech company after its former CEO was indicted on fraud charges, the company is proceeding with an alternative option to a traditional bankruptcy and plans to wind down operations and sell off its technology.
Former Slync CEO Chris Kirchner has been indicted on federal charges that he defrauded investors out of at least $25 million from the FreightTech startup he helped launch.
Will new leadership be enough to save the FreightTech company?
Prosecutors allege former Slync CEO Chris Kirchner misappropriated over $28 million from the company he helped launch to fund his lavish lifestyle.
Slync.io CEO Chris Kirchner retaliated against some executives at the financially troubled company after learning he was being suspended, a source says.
Chris Kirchner ‘no se preocupaba por nosotros… todo giraba en torno a él’
Despite Slync.io CEO Chris Kirchner’s claims that the FreightTech company “has solved its liquidity issues,” former and current employees say they want him to make good on his promises and pay them for the two months of wages they are owed.
