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.
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