The SEC sued Matthew Brown for fraudulently offering $200M to buy Virgin Orbit, providing false info and a fake bank statement.
The US Securities and Exchange Commission (SEC) sued Matthew Brown, a self-proclaimed venture capitalist, for making a fraudulent $200 million offer to buy Richard Branson's now-defunct satellite launch services company, Virgin Orbit. Brown allegedly provided false information about his investment experience and funds, sending Virgin Orbit a fabricated bank account screenshot claiming $182 million when his account had less than $1. The SEC filed the lawsuit in a Texas federal court.
June 17, 2024
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