Charges Dropped Against ARCA Space CEO

Dumitru Popescu

The Las Cruces Sun News reports on some good news for the head of ARCA Space Corporation:

State prosecutors on Monday dropped 18 criminal charges against the CEO of a space technology company based in Doña Ana County.

ARCA Space Corporation CEO Dumitru Popescu had been facing a series of fraud, securities fraud and embezzlement charges.

But Monday, Benjamin Schrope, special assistant district attorney with the state securities division, filed a brief notice in 3rd Judicial District Court in Las Cruces to dismiss the case.

That happened after a state grand jury heard last week declined to indict Popescu after hearing 14 hours of testimony in two separate sessions.