Posted on 12/13/2024 3:24:10 AM PST by thegagline
The Securities and Exchange Commission has issued a "settlement demand" to Elon Musk, according to a Thursday social media post by the tech billionaire. The federal financial regulator is asking Musk to agree to terms including a fine, or "face charges on numerous counts" regarding "Certain Purchases, Sales and Disclosures of Twitter Shares." The SEC has been investigating whether Musk committed securities fraud in 2022 as he sold shares in Tesla and shored up a stake in social network Twitter, ahead of his leveraged buyout. The Securities and Exchange Commission has issued a "settlement demand" to Elon Musk, the tech billionaire disclosed in a social media post on Thursday.
The post included a copy of a letter sent by Musk's attorney, Quinn Emanuel Partner Alex Spiro, to SEC Chair Gary Gensler.
The letter said that the federal agency had pressured Musk to agree to a settlement including a fine within 48 hours, or "face charges on numerous counts" regarding "Certain Purchases, Sales and Disclosures of Twitter Shares."
The SEC has been investigating whether Musk, or anyone else working with him, committed securities fraud in 2022 as the Tesla CEO sold shares in his car company Tesla and shored up a stake in Twitter, ahead of his leveraged buyout of the social network which is now known as X.
"Oh Gary, how could you do this to me?" Musk said in the post he shared on X late Thursday, along with an emoji showing a face holding back tears and a copy of Spiro's letter.
(Excerpt) Read more at nbcconnecticut.com ...
Gary Gensler, join George Soros, Merrick Garland, Alejandro Mayorca, Adam Schiff, Jamie Raskin, Judge Kaplan, Judge Engoron, Judge Beryl Howell, Reid Hoffman, Debbie Wasserman- Schultz etc etc.
Delay for another 38 days. The position of the SEC will change radically.
I read the response letter from Musk’s attorney- how is a 48-hour demand letter to “settle or face charges” even legal?
I guess Gary didn’t get the memo.
“Burn your records and try and get a pardon”
I’m literally counting the days. In a just world, these little fascists would end up like Mussolini and his mistress. Of course, this won’t happen and probably shouldn’t happen.
I prefer the Dutch solution to corrupt politicians.
They want Must to accept money within 48 hours? That sounds good.
“Delay for another 38 days. The position of the SEC will change radically.”
Trump can always pardon him on Day 1.
Shaved heads, stripped naked, and forced to walk down the street?
LOL. I wonder what wine pairs with roasted human liver
Sue them for harrassment?
Chianti and Fava beans.
maybe a good Chianti with fava beans on the side?
“Scorched Earth”
biden has weaponized the entire Washington bureaucracy against his political enemies. He has hurt this country real bad - 10 times worse than obama did.
Sounds like extortion...
Musk is clearly guilty of breaking the deep state’s monopoly on public communication. Free speech must be shut down to ensure the security of the Reich. Dear Leader gave clear instructions at the WEF in Davos, and the minions in Washington must carry out the orders of the Leader.
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