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Started By
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Feds charge Dallas tech company’s ex-CEO in $67 million fraud
Posted on 2/14/23 at 7:03 pm
Posted on 2/14/23 at 7:03 pm
quote:
Christopher Kirchner, co-founder and former CEO of software firm Slync Inc., has been accused of fraud by multiple federal agencies for selling $67 million in securities to investors and then using nearly half to buy a private jet and pay for other personal expenses to “live extravagantly while not paying Slync’s employees.”
Kirchner, 35, was arrested at his home in Westlake on Tuesday morning, according to the U.S. attorney’s office for the Northern District of Texas. He was charged by federal prosecutors with wiring $20 million from the firm’s bank account to his own.
Under Kirchner’s leadership, Slync was once the official logistics partner of the Dallas Stars. According to The Athletic, the company didn’t make its payments to the NHL team and owed over $800,000 with the sponsorship deal.
According to Forbes, Kirchner had been selling TVs for Best Buy just a few years ago, but his rocket-like rise to a perceived perch atop the tech world allowed for a newfound lifestyle that included the membership at Vaquero, which is ranked as one of the best private courses in Texas, according to Golfweek’s Best’s state-by-state list. The initiation at the club, which includes a Tom Fazio-designed course, is $175,000 with annual dues over $15,000, according to one report.
LINK
When something sounds too good to be true, it probably is.
7
Posted on 2/14/23 at 7:05 pm to rickgrimes
quote:Rookie mistake.
He was charged by federal prosecutors with wiring $20 million from the firm’s bank account to his own.
Posted on 2/14/23 at 7:05 pm to rickgrimes
Meanwhile Hunter and Joe are roaming free
Posted on 2/14/23 at 7:06 pm to rickgrimes
And he would have gotten away if not for those pesky kids…
Posted on 2/14/23 at 7:06 pm to saint tiger225
Yeah… a professional level thief uses a charity to pay for all of their swank benefits instead.
Posted on 2/14/23 at 7:16 pm to rickgrimes
quote:that seems pretty low for a 175k initiation on a Tom Fazio.
with annual dues over $15,000,
Posted on 2/14/23 at 7:18 pm to rickgrimes
Bunches of idiots got the trouble they deserve for lack of due diligence. Flag to see the crook punished too.
Posted on 2/14/23 at 7:21 pm to Nephropidae
quote:
that seems pretty low for a 175k initiation on a Tom Fazio.
I think that’s about right before assessments. Vaquero is tits.
Posted on 2/14/23 at 7:25 pm to rickgrimes
Rich people are surprisingly easy to con. They think they got where they are because they're smarter than everybody else, and they're arrogant about it. Most of them simply got lucky or were born to lucky parents. Or they're very talented in a narrow area of expertise that doesn't translate to overall intelligence.
This post was edited on 2/14/23 at 7:29 pm
Posted on 2/14/23 at 7:27 pm to rickgrimes
Hahaha I went to high school with that stupid frick. Dude was the kicker on the football team. Was a complete tool. When I saw he was the CEO of Slync and was living the high life, I always wondered how someone like him “made it.” Legit schadenfreude to know that one of the most unlikeable douchebags i knew growing up was a fraud all along.
This post was edited on 2/14/23 at 7:33 pm
Posted on 2/14/23 at 7:40 pm to GumpInLex
You gotta tell us more
Posted on 2/14/23 at 7:49 pm to boosiebadazz
Not much more to tell… he was just one of those kids that nobody really liked, but he hung around on the fringe of all the most popular kids. Thought he was God’s gift to man type of person. Thought it was actually cool that he was a kicker 
just always seemed liked the skeezy, used-car salesman type. Which is why I was so shocked to see him pop up on my linkedIn one day as CEO of a tech company. And then when I saw Slync being repped on the PGA Tour I started to wonder what the frick this guy did to get ahead. He was never that smart in school or anything. Turns out, all you need to make it is to be a fricking salesman. Him proving he has room-temperature IQ by transferring $20m to his personal account and using $14m of it on a Gulfstream has had me laughing for a good while now.
just always seemed liked the skeezy, used-car salesman type. Which is why I was so shocked to see him pop up on my linkedIn one day as CEO of a tech company. And then when I saw Slync being repped on the PGA Tour I started to wonder what the frick this guy did to get ahead. He was never that smart in school or anything. Turns out, all you need to make it is to be a fricking salesman. Him proving he has room-temperature IQ by transferring $20m to his personal account and using $14m of it on a Gulfstream has had me laughing for a good while now. Posted on 2/14/23 at 7:51 pm to GumpInLex
quote:
by transferring $20m to his personal account and using $14m of it on a Gulfstream has had me laughing for a good while now.
and calling it a “distribution” means he got at least a C in his business class at community college Posted on 2/14/23 at 8:10 pm to boosiebadazz
quote:
and calling it a “distribution” means he got at least a C in his business class at community college
He probably thought the company could just “write it off.”
Posted on 2/14/23 at 8:15 pm to Jim Rockford
quote:this
Rich people are surprisingly easy to con. They think they got where they are because they're smarter than everybody else, and they're arrogant about it. Most of them simply got lucky or were born to lucky parents. Or they're very talented in a narrow area of expertise that doesn't translate to overall intelligence.
Posted on 2/14/23 at 8:21 pm to GumpInLex
quote:
Hahaha I went to high school with that stupid frick. Dude was the kicker on the football team. Was a complete tool. When I saw he was the CEO of Slync and was living the high life, I always wondered how someone like him “made it.” Legit schadenfreude to know that one of the most unlikeable douchebags i knew growing up was a fraud all along.
Dude, that's fricking awesome! what are you doing here? Go party!
Posted on 2/14/23 at 8:33 pm to GumpInLex
quote:
Hahaha I went to high school with that stupid frick. Dude was the kicker on the football team. Was a complete tool. When I saw he was the CEO of Slync and was living the high life, I always wondered how someone like him “made it.” Legit schadenfreude to know that one of the most unlikeable douchebags i knew growing up was a fraud all along.
This thread had my curiosity, now it has my attention. Feel free to update us with any stories that come to mind of this guy being a stupid slapdick.
Posted on 2/14/23 at 10:01 pm to Jim Rockford
There are a lot of people who were born rich who think they were born smart
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