Founder Chris Kirchner was sentenced to 20 years in prison for using startup funds for personal use. The supply chain tech startup Kirchner founded, called Slync, shut down in October 2023. AdvertisementChris Kirchner, a startup founder convicted of defrauding investors, money laundering, and wire fraud, was sentenced to 20 years in federal prison Thursday after using $25 million of his funders' cash for personal use, according to court documents. Kirchner, 36, founded a supply chain tech startup called Slync, raising more than $50 million from venture investors, including Goldman Sachs, between 2018 and 2021. He also wired $20 million directly to his own checking account, according to the US Attorney's office in the Northern District of Texas.

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Persons: Chris Kirchner, Prosecutors, Kirchner, —, Goldman Sachs Organizations: Service, Northern District of, Business Locations: Northern District, Northern District of Texas