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.

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 ...