SEC sues Texas man over bogus $200 million rescue Virgin Orbit shares rose 33% post-offer Virgin Orbit later filed for Chapter 11 bankruptcy June 17 (Reuters) - A Texas man was sued by the U.S ...

Ultimately, no movement was ever made on the deal, the suit states. The SEC is demanding the case be taken to a civil trial by jury. Virgin Orbit, founded in 2017, permanently ceased operations in ...

The defendants have dismissed the SEC’s complaint as containing “egregious errors,” “fabrications” and “biased allegations” favoring Virgin Orbit management, Reuters added.

A Texas man was sued by the US Securities and Exchange Commission ... s now-defunct satellite launch services company Virgin Orbit. The SEC said Matthew Brown falsely portrayed himself, including ...

According to the SEC, Brown fabricated a screen shot of his company's bank account to show a "current" balance of $182,383,991, though it contained less than $1, and demanded that Virgin Orbit pay ...

At such a critical moment in US history ... while trying to purchase Virgin Orbit, a now-defunct company that launched small satellites into orbit, according to the SEC lawsuit.