SEC Probes Boeing Deal With China-Linked Satellite Project
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The U.S. Securities and Exchange Commission is looking into Boeing Co.’s relationship with a California satellite-communications startup that’s allegedly controlled by the Chinese government.
Global IP’s founders are suing a group of Chinese companies and individuals for allegedly taking control of their company through fraud. A December letter from the SEC requesting that El Segundo-based Global IP preserve documents and data relevant to the agency’s investigation was filed in the Los Angeles court case this month.