Slync CEO Accused of $20M Fraud Scheme

DALLAS, TX – Christopher Kirchner, 35, founder and former CEO of supply-chain logistics company Slync, is facing federal charges for allegedly pilfering $20 million from the company, the U.S. Attorney’s Office for the Northern District of Texas announced Tuesday. Kirchner, arrested at his Westlake home, appeared before U.S. Magistrate Judge Hal R. Ray, Jr. later that day.

“This defendant flaunted his apparent wealth while allegedly diverting millions from company coffers into his private bank account,” stated U.S. Attorney Leigha Simonton. “Slync investors and employees are understandably outraged, and we sympathize. We look forward to holding Mr. Kirchner accountable in federal court.” The brazen theft allegedly fueled a lavish lifestyle built on the backs of those who trusted him.

FBI Dallas Acting Special Agent in Charge James J. Dwyer added, “As the criminal complaint alleges, Mr. Kirchner used his position as a CEO to defraud investors and the company he worked for by diverting funds for his personal benefit. He did this to fund a lavish lifestyle at the expense of those that trusted him to act responsibly and ethically.” The investigation uncovered a pattern of deception, masking the illegal transfers as legitimate business transactions.

According to the complaint, Kirchner, who led Slync from 2017 until his suspension in 2022 following misconduct allegations, allegedly wired $20 million from Slync’s accounts directly into his personal checking account. Deceptive text messages to an employee indicated the funds were headed to “an investment account” and a “chase” account – a claim proven false. Simultaneously, emails to private bankers falsely characterized the $20 million as a “distribution from my company,” a distribution never authorized by Slync’s Board of Directors.

The stolen $20 million, roughly 40 percent of the $50 million raised during Slync’s Series B investment round, wasn’t invested; it was spent. The complaint details extravagant purchases including a $16 million private Gulfstream jet and a $495,000 luxury suite at a local sports stadium. Kirchner allegedly enjoyed a life of excess while the company he led teetered on the brink, funded by stolen capital.

A criminal complaint is merely an allegation of wrongdoing. Mr. Kirchner is presumed innocent until proven guilty in a court of law. If convicted, he faces up to 20 years in federal prison. The Federal Bureau of Investigation’s Dallas Field Office spearheaded the investigation, with Assistant U.S. Attorneys Joshua Detzky, John de la Garza, and Blake Ellison prosecuting the case. The Grimy Times will continue to follow this developing story and bring you the unvarnished truth.

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