The Securities and Exchange Commission (SEC) has obtained a final judgment against Christopher S. Kirchner, the co-founder and former CEO of Slync, Inc., a privately-held Texas-based software company, whom the SEC previously charged for fraudulently offering and selling more than $67 million of securities to multiple investors, more than $28 million of which he misappropriated for personal benefit.
As alleged in the SEC’s complaint filed on February 14, 2023, in the United States District Court for the Northern District of Texas, between approximately January 2020 and January 2022, Kirchner misrepresented the financial condition of Slync to investors, including the amount of revenue received from customers and the nature and volume of contracts with existing and potential customers, as well as the planned use of fundraising proceeds.
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