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USA SEC sues Texas man, accusing him of false rescue of Virgin Orbit.
June 18th, Gelunhui - According to Reuters, the US Securities and Exchange Commission (SEC) has sued a man from Texas for allegedly defrauding $200 million to save Virgin Orbit, a satellite launch service company owned by billionaire Richard Branson. SEC said that Matthew Brown falsely represented himself as an experienced venture capitalist when he bought Virgin Orbit stocks with a fake quote on March 19, 2023, claiming to have invested in more than 13 space companies. Brown forged a bank account of the company.
SEC Files Complaint Against Matthew Brown Over Alleged Fraudulent Scheme to Invest $200 Million in Virgin Orbit
By Sabela Ojea The Securities and Exchange Commission filed charges against investor Matthew Brown and his venture capital company for allegedly engaging in a fraudulent scheme to invest $200 million
SEC Alleges Brown Sent Virgin Orbit Fabricated Screenshot of His Company's Bank Account Purporting to Show Balance of Over $182M While Bank Account 'Actually Had Less Than $1'
SEC Alleges Brown Sent Virgin Orbit Fabricated Screenshot of His Company's Bank Account Purporting to Show Balance of Over $182M While Bank Account 'Actually Had Less Than $1'
SEC Alleges Matthew Brown's March 2023 Offer to Invest $200M in Virgin Orbit Was 'Bogus'
SEC Alleges Matthew Brown's March 2023 Offer to Invest $200M in Virgin Orbit Was 'Bogus'
Rocket Lab's Latest Mission Ends Abruptly After Lift-off, Shares Tank
Rocket Lab Buys Virgin Orbit Facility In $16M Deal, Plans Engine Development
Rocket Lab USA, Inc (NASDAQ:RKLB) showcased its new engine development center within Virgin Orbit's former facility, making it a cost-effective decision.
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