Free Republic

Elon Musk was sued on Tuesday by the Securities and Exchange Commission for having failed to timely disclose purchasing more than 5% of Twitter’s common stock in March 2022 — a parting shot at the mogul by lame-duck SEC boss Gary Gensler. In a complaint filed in Washington, DC, federal court, the SEC said the delay allowed Musk to continue buying Twitter shares at artificially low prices, allowing him to underpay by at least $150 million.A lawyer for Musk said the billionaire did nothing wrong and called the SEC case a “sham.”The SEC wants Musk — who has since rebranded...

Gov. Kathy Hochul’s decision to fork over taxpayer money to build a new stadium for the Buffalo Bills drew renewed scorn – after the NFL team’s billionaire owners sold a minority stake for a massive profit, The Post has learned. Hochul, a Buffalo native, had agreed in 2022 to provide $600 million in state funding – with Erie Country tossing in an additional $250 million – for the privately-owned stadium after Bills owner Terry Pegula threatened to leave Western New York. The new 62,000-seat Highmark Stadium, expected to open in 2026, played a significant role in inflating the value of...

Mayor Eric Adams’ hopes of beating his federal corruption rap could hinge on a unlikely savior: Donald Trump. A Trump win in the 2024 presidential election is viewed by some in Adams’ camp as potential path to legal victory for the mayor against an unprecedented federal indictment, sources close to the case told The Post. The insiders’ hopes are that Trump would quickly replace Attorney General Merrick Garland with a pick who could scuttle the case against Adams, sources close to the case told The Post. “Any adult will see this is a bulls–t case, so a new attorney general...

Google’s high-handed tactics with US regulators have come back to haunt it, with critics saying the tech giant set the stage for a dramatic showdown with the Department of Justice nearly a decade ago. The DOJ last week sued Google, accusing it of using anti-competitive tactics to maintain its search engine’s dominance over rivals. The focus of the suit — massive cash payments to smartphone makers like Apple and Samsung to make Google’s search engine the default option on their devices — is a fresh one. But industry sources say the Silicon Valley giant has nevertheless made itself vulnerable to...

After reports that married MSNBC anchors Joe Scarborough and Mika Brzezinski have been mysteriously broadcasting their show from Florida — sources speculated that the location is to benefit Scarborough’s tax situation. The “Morning Joe” anchors have been reportedly on a home set in Jupiter, Fla., but using Washington, DC, backdrops. Sources said the reason for the locale was a “tax dodge” — albeit a completely legal one — since Scarborough has a home in Florida and would need to spend a certain amount of the time there for any tax benefit. “Mika just goes along for the ride,” a source...