[1] In July 1996, Syncronys Softcorp agreed to settle charges by the Federal Trade Commission that the company "misrepresented and/or failed to substantiate the performance" of the products, although the agreement stipulated it "did not constitute an admission of a law violation.
[3] In a 1996 interview with Mc magazine, the CEO of Syncronys Softcorp, Rainer Poertner, took responsibility for forcing the software's release despite engineering team objections that the product's development was not yet complete.
Syncronys positioned SoftRAM95 as a cheaper alternative to buying more memory for those users who would otherwise be unable to run Windows 95.
[citation needed] In December 1995, the German computing magazine c't disassembled the program and reported it didn't do what was claimed in advertisements.
[9] Instead, data reportedly passed through the VxD unaltered with no compression, and the actual drivers were slightly modified versions of sample code from Microsoft's "Windows Development Kit".
[13] Syncronys filed for bankruptcy in July 1998 with $4.5 million of debt after releasing a dozen other poorly received tools.
In 2006, the SEC revoked its securities and placed Syncronys in default for failing to file any financial reports since their 1998 Chapter 11 bankruptcy event.