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Author Topic: SEC Wants Musk to Pay Money or Face Charges: Lawyer  (Read 363 times)

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Offline rangerrebew

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SEC Wants Musk to Pay Money or Face Charges: Lawyer
« on: December 14, 2024, 12:53:49 pm »
SEC Wants Musk to Pay Money or Face Charges: Lawyer
The agency has also reopened a probe into the Musk-owned Neuralink, according to a letter.

 
 
By Zachary Stieber
12/13/2024
Updated:
12/13/2024
 

The U.S. Securities and Exchange Commission (SEC) on Dec. 11 demanded a settlement from Elon Musk to avoid charges related to his purchase of Twitter, now known as X, according to a letter from Musk’s lawyer to the agency.

Musk bought Twitter in 2022 for $44 billion. That year, the SEC launched an investigation into whether he violated federal securities laws through his purchase, statements, and SEC filings.

“Yesterday the Commission Staff issued a settlement demand that required Mr. Musk agree within 48 hours to either accept a monetary payment or face charges on numerous counts,” Alex Spiro, the lawyer, wrote in the letter to the chairman of the SEC, Gary Gensler, on Thursday. “They indicated that this demand was the result of a directive from their superiors and that charges would be brought imminently unless Mr. Musk acquiesced.”

https://www.theepochtimes.com/us/sec-wants-musk-to-pay-money-or-face-charges-lawyer-5775848?utm_source=partner&utm_campaign=BonginoReport&src_src=partner&src_cmp=BonginoReport
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Offline rangerrebew

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Re: SEC Wants Musk to Pay Money or Face Charges: Lawyer
« Reply #1 on: December 14, 2024, 12:54:31 pm »
This seems like extortion to me. :pondering:
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By means of shrewd lies, unremittingly repeated, it is possible to make people believe that heaven is hell - and hell heaven. The greater the lie, the more readily it will be believed.

Adolf Hitler  (and democrats)
   
The receptivity of the masses is very limited, their intelligence is small, but their power of forgetting is enormous. In consequence of these facts, all effective propaganda must be limited to a very few points and must harp on these in slogans until the last member of the public understands what you want him to understand by your slogan.

Adolf Hitler (and democrats)

Offline Smokin Joe

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Re: SEC Wants Musk to Pay Money or Face Charges: Lawyer
« Reply #2 on: December 14, 2024, 06:38:37 pm »
 :bkmk:
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How God must weep at humans' folly! Stand fast! God knows what he is doing!
Seventeen Techniques for Truth Suppression

Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.

C S Lewis
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