Christopher Kirchner is staying in prison. In a unanimous decision handed down Monday by the U.S. Court of Appeals for the Fifth Circuit, a three-judge panel affirmed Kirchner’s 20-year sentence for a variety of charges. Kirchner’s trial took place in the U.S. District Court for the Northern District of Texas. Kirchner, listed as 38 years old by the Federal Bureau of Prisons, has a release date of September 6, 2040. window.googletag = window.googletag || {cmd: []}; googletag.cmd.push(function() { googletag.defineSlot(‘/21776187881/FW-Responsive-Main_Content-Slot1’, [[300, 100], [320, 50], [728, 90], [468, 60]], ‘div-gpt-ad-1709668545404-0’).defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads()); googletag.pubads().enableSingleRequest(); googletag.pubads().collapseEmptyDivs(); googletag.enableServices(); }); googletag.cmd.push(function() { googletag.display(‘div-gpt-ad-1709668545404-0’); }); The judges summed up the saga of Kirchner by saying the Slync.io founder and CEO, “diverted millions of investor funds to bankroll a lavish personal lifestyle instead of building his company.” “When the money ran dry, he doubled down–launching new financing rounds and luring investors with fabricated documents and other material misrepresentations,” the judges wrote. “A jury saw through it.” The ultimate conviction of Kirchner was for four counts of wire fraud and seven counts of money laundering. After Kirchner was fired by the board, Slync.io attempted to come back from its financial scandal but was unsuccessful. Diverting funds for personal use The judges’ decision spends the first few pages reviewing the fraud that led to Kirchner’s conviction and imprisonment. It recaps how Kirchner raised $7.2 million in early 2020, a more than $50 million raise later that year and into 2021, and $850,000 in the first half of 2022, a desperation move just…
