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Founder of Arca Space Corporation facing fraud, embezzlement charges in U.S.

The head of a New Mexico company that drew national attention for developing an electronic flying vehicle has been arrested for fraud and embezzlement.


November 14, 2017
By The Associated Press

KVIA-TV in El Paso, Texas, reports Dumitru Popescu was arrested in Jonesboro, Georgia, last week and then extradited to southern New Mexico. He’s the CEO of Arca Space Corporation — a Las Cruces company that develops commercial space launchers. | READ MORE