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 ...

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 ...

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 ...

In a filing with the US Securities and Exchange Commission, Virgin Orbit has said it’s laying off 675 employees, which works out to about 85% of the total workforce. The decision was made after ...

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 ...

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.