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.

Gelonghui FinanceJun 18, 2024 10:28

SEC Files Complaint Against Matthew Brown Over Alleged Fraudulent Scheme to Invest $200 Million in Virgin Orbit

WSJJun 18, 2024 04:08

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'

Dow JonesJun 18, 2024 03:44

SEC Alleges Matthew Brown's March 2023 Offer to Invest $200M in Virgin Orbit Was 'Bogus'

Dow JonesJun 18, 2024 03:42

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BenzingaSep 14, 2023 00:01