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SEC Alleges Texas Man Offered Virgin Sham $200M 'Lifeline'

By Gina Kim (June 17, 2024, 8:07 PM EDT) -- Securities regulators sued a venture capitalist and his investment firm in Texas federal court Monday, accusing the firm of making a bogus offer to invest $200 million into Virgin Orbit last year despite having less than $1 in its bank account and causing stock prices to swell before plummeting when the deal collapsed....

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