Aerospace company CEO in New Mexico arrested for fraud
LAS CRUCES, N.M. (AP) — The head of a New Mexico company that drew national attention for developing an electronic flying vehicle has been arrested for fraud and embezzlement.
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.
Popescu has been charged with five counts of embezzlement, 13 counts of fraud and one count of forgery.
According to a criminal complaint filed in Dona Ana County District Court, Popescu lied to the Chicago-based Anova Technologies to obtain around $20,000.
Arca Space did not immediately respond to an email from The Associated Press.
It was not known if Popescu, who has a Romanian passport, had an attorney.