Kirchner declined requests for an interview and did not answer a detailed list of questions. In his lawsuit, Selvidge alleged that the former CFO, Samar Kamdar, had been fired after informing the board in May that “his review of the financial statements indicates that some figures do not add up, as he did not recognize some of the accounts which reported revenue.” Selvidge’s attorney, Ilya Filmus, said, “We believe that a number of laws were violated and we intend to establish that.” “I don’t know that was a business so much as it was a kleptocracy.” The company said it has not yet received the complaint, adding that it does not comment on pending litigation. In a draft complaint seen by Forbes, Selvidge claims he was fired after he sent a letter to the board alleging the company had “routinely” failed to pay employees, and that Kirchner had engaged in “unlawful and fraudulent behavior.” Slync disputed that Selvidge was fired, but declined to comment further on employee matters. One of the fired executives, former vice president of engineering Jason Selvidge, filed a lawsuit Tuesday alleging wrongful termination. In response to these claims, board member Jim Atwell said that Slync “has many more than five customers and the company’s annual revenue is significantly higher than your information,” but declined to say how many or how much. In fact, the real figure was close to $1 million in annual revenue and fewer than five customers, these people say. In addition, according to multiple people familiar with the matter, Kirchner reported to the board that Slync generated close to $30 million in revenue in 2021, from about 20 customers.

Lavish software acquisition