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- The SEC on Tuesday charged the former CEO of a tech company backed by Goldman Sachs with running a $67 million securities fraud.
- The agency alleged Christopher Kirchner, former head of Slync, "misappropriated" $28 million for its own benefit, including using the funds to buy a private jet.
- He also used investor proceeds to pay for his "lavish lifestyle" while Slync workers went unpaid, the SEC alleged.
The Securities and Exchange Commission on Tuesday charged the former CEO of a tech company backed by Goldman Sachs with fraudulently selling millions of dollars worth of securities to support his "lavish lifestyle."