Chris Kirchner, the former CEO of Goldman Sachs-backed tech startup Slync, has been sentenced to 20 years in federal prison for fraud and laundering startup funds. Kirchner was sentenced at the U.S. District Court for the Northern District in Fort Worth, Texas. He was also ordered to pay $65,415,938.12 in restitution and will be followed by three years of supervised release. The FBI arrested Kirchner on Valentine’s Day 2023 following a Forbes investigation that revealed he overstated company financials and spent lavishly on personal expenses. Kirchner had previously come close to buying two English football clubs, including Derby County, before his crimes were uncovered.