Former Slync CEO Chris Kirchner was charged with fraud Tuesday after the Securities and Exchange Commission and the U.S. Department of Justice filed criminal complaints alleging he lied to investors and misappropriated over $28 million from the FreightTech company he helped launch in 2017 to fund his lavish lifestyle.
Kirchner, 35, of Westlake, Texas, was arrested at his home early Tuesday after FBI agents raided the home. He made an initial appearance before U.S. Magistrate Judge Hal R. Ray Jr....