The Securities and Exchange Commission (SEC) is suing a Fort Worth, North Texas man for allegedly submitting a bogus, fraudulent $200 million offer to buy Virgin Orbit, Richard Branson’s now-defunct satellite launch services company. The man, who falsely claimed to be a venture capitalist, reportedly had less than $1 in his bank account at the time of the offer. He also falsely claimed to have a law degree from Southern Methodist University and investments in over 13 space companies.
The SEC claims the North Texas man actually had less than $1 in his bank account when he made the offer, falsely claimed he had an SMU law degree and lied about having investments "in over 13 space companies." https://t.co/cXlW4UUVk2
The Securities and Exchange Commission is suing a Fort Worth man, claiming submitting a ‘bogus offer’ of $200 million to buy the now-defunct aerospace company. https://t.co/7uWKJP9B1I
The Securities and Exchange Commission is suing a North Texas man with allegedly submitting a fraudulent offer to invest $200 million in Virgin Orbit, Richard Branson’s now-defunct satellite launch services company. https://t.co/LEHP06mwII
A Texas man tried to buy a rocket company for $200 million. The SEC claims he never had the money. https://t.co/iepm9MKyPQ
A self-proclaimed venture capitalist offered $200 million to buy Virgin Orbit. But he actually had less than $1 and is now being sued by the SEC. https://t.co/vLMmoyA4uY