Isn’t it a crime to lie to shareholders? Plus they lied to make the sale. DOJ should start locking people up.
Good luck on that deal.
The act, (Pub.L. 107–204 (text) (PDF), 116 Stat. 745, enacted July 30, 2002), also known as the "Public Company Accounting Reform and Investor Protection Act" (in the Senate) and "Corporate and Auditing Accountability, Responsibility, and Transparency Act" (in the House) and more commonly called Sarbanes–Oxley, Sarbox or SOX, contains eleven sections that place requirements on all U.S. public company boards of directors and management and public accounting firms. A number of provisions of the Act also apply to privately held companies, such as the willful destruction of evidence to impede a federal investigation
DOJ should start locking people up.
They are going after Musk. There is little chance they will go after the people at Twitter who committed fraud. Wrong party.
Ha! DOJ threw away the keys before they locked anybody up.