Virgin Hyperloop One Revamps Board; Director Arrested

Attendees walk past a Virgin Hyperloop One XP-1 pod outside at the 2018 Consumer Electronics Show (CES) in Las Vegas.
Photographer: Patrick T. Fallon/Bloomberg

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By Sarah McBride and Giles Turner

April 3, 2018 at 12:42 AM UTC

Updated on

April 4, 2018 at 1:03 AM UTC

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Virgin Hyperloop One replaced three directors and a fourth was arrested, the latest signs of turmoil at the futuristic transportation startup.

A list of directors that was updated on the company’s website Monday showed three members stepped down from the 10-person board: Jim Messina, a former adviser to President Barack Obama; Jim Rosenthal, a former Morgan Stanley executive; and Peter Diamandis, founder of X Prize.