CEO of ARCA Space arrested for fraud and embezzlement


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Capitalism in space: The CEO of ARCA Space was arrested in Georgia yesterday for fraud and embezzlement and extradited back to New Mexico.

ARCA is the company developing an aerospike test engine that was supposedly ready for ground tests in late September but as of yet I am unaware of any actual tests taking place.

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5 comments

  • wayne

    Is this guy [ Dumitru Popescu ] an American citizen? and why does he have a Romanian passport?

    Trying to find the arrest-warrant, I came up with:

    https://www.donaanacounty.org/inmates/viewprofile/1700009732

  • wayne

    Popescu does sorta look, like comedian Bert Kreischer–

    Bert Kreischer…
    “Getting involved with the Russian Mafia”
    https://youtu.be/D9TNjT_h70E
    13:51

  • jburn

    That was funny
    …. “this is Russia”

  • wayne

    jburn-
    (Bert likes to drink, a lot, every day.)
    I’m only marginally knowledgeable with this crop of Comedian’s, but they do have some humorous material, so glad you liked. (a little bluer than I like, but it was his Showtime special.)

    The Guys discuss not using drugs or alcohol, for a whole month-
    Joe Rogan Experience #1036
    “Ari Shaffir, Bert Kreischer & Tom Segura, celebrate Sober-October-Is-Over.”
    https://youtu.be/vnNgAxHfFo8
    (2:51:36)

    totally tangential and off-thread:
    Rogan did an excellent 2 hour interview last week, with Billy Corrigan from Smashing Pumpkin’s, highly recommend.

  • Edward

    I hope that ARCA can survive this. Otherwise we will lose yet another opportunity to see the aerospike engine in flight.

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