New Mexico

CEO of Arca Space Corporation arrested, on embezzlement and fraud charges

The CEO of Arca Space Corporation, Dumitru Popescu, remains in custody Sunday night in New Mexico after facing multiple charges of fraud and embezzlement. 

Popescu has been charged with five different counts of embezzlement, 13 different counts of fraud and one count of forgery. The charges range from $100 to $20,000.

According to arrest records online, he was arrested in Jonesboro, Georgia Wednesday and then extradited to the Dona Ana County Detention Center.

Arca Space Corporation operates testing and manufacturing in Las Cruces. The company moved to Las Cruces in 2015 and received national attention for developing an electronic flying vehicle, much like a hoverboard that can hover over any terrain, including water, costing $14,900.

It's unclear if these charges are related to the company.

KVIA reached out to Arca Space for a comment, but they have yet to comment

According to online jail records, Popescu is still in custody and was arrested without bond.