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CEO of ARCA Space arrested for fraud and embezzlement

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.

Genesis cover

On Christmas Eve 1968 three Americans became the first humans to visit another world. What they did to celebrate was unexpected and profound, and will be remembered throughout all human history. Genesis: the Story of Apollo 8, Robert Zimmerman's classic history of humanity's first journey to another world, tells that story, and it is now available as both an ebook and an audiobook, both with a foreword by Valerie Anders and a new introduction by Robert Zimmerman.

 
The ebook is available everywhere for $5.99 (before discount) at amazon, or direct from my ebook publisher, ebookit. If you buy it from ebookit you don't support the big tech companies and the author gets a bigger cut much sooner.


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"Not simply about one mission, [Genesis] is also the history of America's quest for the moon... Zimmerman has done a masterful job of tying disparate events together into a solid account of one of America's greatest human triumphs."--San Antonio Express-News

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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