Enemy of the State
Posted on 05/11/2022 7:22:13 PM PDT by shadowlands1960
The U.S. government has reportedly opened an investigation into Elon Musk’s business dealings surrounding his recent $44 billion purchase of Twitter.
“The Securities and Exchange Commission is probing Mr. Musk’s tardy submission of a public form that investors must file when they buy more than 5% of a company’s shares,” The Wall Street Journal reported. “The disclosure functions as an early sign to shareholders and companies that a significant investor could seek to control or influence a company.”
The report said that Musk’s April 4 disclosure filing was at least 10 days late, a move that is believed to have saved him more than $140 million because share prices could have been higher if the public knew about his ownership of 5% of the company.
“The case is easy. It’s straightforward,” Daniel Taylor, a University of Pennsylvania accounting professor, said. “But whether they’re going to pick that battle with Elon is another question.”
The report noted that a lawsuit against Musk from the SEC would likely not stop him from taking over Twitter since the company’s board of director’s unanimously approved to be acquired by Musk and the SEC may lack the power to do so. Musk’s purchase of Twitter is also reportedly being reviewed by the Federal Trade Commission (FTC).
(Excerpt) Read more at dailywire.com ...
Pretorian Guard is out in force I see.
“at least 10 days late,”
How late was HUnter on paying his taxes?
How late IS Al Shaprton late paying his taxes?
The world wide marxist clan of tyrants are trying to take him out. Next up... They’ll figure out a way to take Twitter after he finalizes the deal and put it in some sort of receivership run by government appointed lawyers
Musk needs to be POTUS to try to drain the Swamp.
NOPE.
Born in South Africa. NOT eligible.
Not that it stopped BHO....
The Feds like to file fake forms to get FISA Warrants. Then when they get caught- No one goes to jail. Tell me who is corrupt again?
They’ll do anything to squash free speech.
They must really be running scared.
I wonder how they’ll react when they stand before God.
What others have done does not matter and no matter how bad it is.
Justice is now selective.
BHO was the precedent.
“Report says”?
And what is the maximum fine for late reporting?
Peanuts.
How many days did Mueller continue his investigation about Trump and Russia collusion after he knew it was all BS?
Elon Gate will be a drawn out affair...
Have the Feds opened an investigation into Hunter Biden?
That's it. Investigate Musk for buying Twitter but let 'American citizen' Soros waddle his fat ass around unscathed.
There is something very wrong with this 'government'.
#LiberalUseOfQuotationMarks
He shouldn’t have revealed he would let Trump back on.
140 million dollars? Thats about 0.00046 percent of his net worth! I guess he will have to sell that $5000 tiny house he lives in and move back in with his parents.
They have no problem with Dorsey though.
Yes they have. For tax reporting.
The left must be terrified of Trump or DeSantis being potus with Musk at the helm of Twitter yikes. That’s gotta give em nightmares and daymares.
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