F: CEO of Goldman Sachs-backed startup Slync sentenced to 20 years in prison

© Mirko Vitali

FORBES reports:

Chris Kirchner, the former CEO of tech startup Slync — once valued at more than $240 million after he raised millions from investors like Goldman Sachs, only to spend the money on a private jet and luxury cars — was sentenced to 20 years in prison on Thursday by the U.S. District Court Northern District of Texas.

The sentencing, among the harshest for a tech founder accused of fraud in recent years — Elizabeth Holmes of Theranos was sentenced to ...