(WBAP/KLIF) — The U.S. Department of Justice has charged a North Texas man in a $20-million wire fraud case.
35-year-old Christopher Kirchner was arrested at his Westlake home, Tuesday, and charged with allegedly transferring $20-million in company funds to his personal account. The Westlake man founded Slync in 2017 and skimmed off 40% of the $50-million raised from private equity investors and venture capital groups. The U.S. Attorney’s office says Kirchner used the money to fund a lavish lifestyle, which included purchasing a $16-million private jet and a $495,000 luxury sports stadium suite.
The 35-year-old CEO was suspended by the company in 2022 after discovery of the misconduct. Kirchner faces up to 20 years in prison if convicted.
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