Bay Area spacecraft fraud suspect convicted

Bay Area spacecraft fraud suspect convicted

Ramesh Nathan told investors his Bay Area spacecraft company had seven offices around the world, employed more than 15,000 people and generated $30 billion in profit in a single quarter. But, according to the indictment that just led to his fraud conviction, the company had no offices, no workers and no revenue. A jury on Thursday found Nathan, 43, found guilty of fraud and money laundering after an eight-day trial. In 2016 and 2017, and possibl…

‘Fantastic tales about space travel technology’ from fake Bay Area company were ‘science fiction’

Promises about interstellar space travel technology and spacecraft were empty, indictment said.