SEC v. Kirchner

Christopher S. Kirchner allegedly 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. Kirchner allegedly misappropriated more than $28 million of the funds that Slync raised from investors and used the money to, among other things, fund personal investments, pay entertainment expenses, and purchase a $16 million private jet, according to the SEC

Summary generated from official Securities and Exchange Commission press release