Ex-Slync CEO Chris Kirchner was sentenced to 20 years in federal prison Thursday in the U.S. District Court for the Northern District in Fort Worth, Texas.
DSI Assignments, which is overseeing the auction, is seeking a buyer for all of Slync’s platform assets.
While logistics visibility platform provider Slync had hoped that new management and a $24 million cash infusion in February would be enough to save the FreightTech company after its former CEO was indicted on fraud charges, the company is proceeding with an alternative option to a traditional bankruptcy and plans to wind down operations and sell off its technology.
Former Slync CEO Chris Kirchner has been indicted on federal charges that he defrauded investors out of at least $25 million from the FreightTech startup he helped launch.
Will new leadership be enough to save the FreightTech company?
Prosecutors allege former Slync CEO Chris Kirchner misappropriated over $28 million from the company he helped launch to fund his lavish lifestyle.
In today’s edition of The Daily Dash, offering up a to-do list for new Transportation Secretary Pete Buttigieg. Plus, recapping the latest earnings and how Bezos changed logistics.
In partnership with Slync… learn about how predictive exception management can keep freight flowing smoothly.
In partnership with Slync… data from across the supply chain must be integrated and automatically pushed to decision-makers.
Presented by Slync… smart investments in supply chain tech is crucial to competing.
In partnership with Slync… Supply chain exceptions are being automatically moved toward resolution and visibility into the problem provided to all relevant partners.
In partnership with Slync… retailers are shifting to omnichannel strategies to survive disruptions from e-commerce, but implementing omnichannel requires sophisticated supply chain data analytics.
In partnership with Slync… sustainable supply chain initiatives depend on shared data, realtime collaboration, and advanced analytics.
In partnership with Slync… There are numerous reasons to be worried about the health of global trade and the goods economy, even though, in our view, a full-on macro-economic recession in the United States is still unlikely.
Slync’s next generation supply chain management platform sits on top of legacy systems, pulling siloed data together, analyzing it, and initiating AI-powered workflows, and notifying human operators when they’re needed.
In partnership with Slync… improving on-time rates and a continually evolving reverse logistics season have increased the pressure on supply chain partners to manage exceptions collaboratively and proactively.
In partnership with Slync… Slync CEO Chris Kirchner was in Tokyo this week to meet press, speak with startups and participate in customer discussions at the SAP.iO Foundry—Tokyo ecosystem engagement event.
Blockchain solutions, improved interfaces, artificial intelligence and a tool for the intermodal business.
Kirchner says Slync spent a lot of time learning the market and what their customers need before they built anything. Asking the questions first is critical.
In partnership with Slync… globalized supply chains are complex and subject to many risks. By automating workflows and creating AI assistants, companies can speed time-to-decision, reduce error, and make their supply chains more resilient.
