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 ...

Once worth US$3.8 billion and counting the US military among its largest customers, Virgin Orbit filed for Chapter 11 protection on April 4, 2023, after struggling to secure long-term funding in ...

‘Venture capitalist’ offered to buy Virgin Orbit for $200m. He had ‘less than a buck’ to his name, SEC says. Matthew Brown’s ‘bogus offer’ to buy Virgin Orbit caused the company’s ...

In reality, his account had a balance of less than $1, prosecutors say. The lawsuit says Brown sent an “unsolicited” LinkedIn message to Virgin Orbit CEO Dan Hart in March 2023 claiming he ...

The SEC said Matthew Brown falsely portrayed himself, including on CNBC, as an experienced venture capitalist with investments in "over 13 space companies" when he made a bogus offer to buy Virgin ...

(Reuters) -A Texas man was sued by the U.S. Securities and Exchange Commission on Monday over his alleged fraudulent $200 million offer to rescue billionaire Richard Branson's now-defunct ...

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 ...

June 17 (Reuters) - A Texas man was sued by the U.S. Securities and Exchange Commission on Monday over his alleged fraudulent $200 million offer to rescue billionaire Richard Branson's now-defunct ...

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 ...