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 ... of his bogus $200 million offer,” the SEC suit reads. Brown then attempted to convince Virgin Orbit to commit to a “break-up fee” should the ...

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 ...

(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 satellite ...