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Author Topic: SEC Wants Musk to Pay Money or Face Charges: Lawyer  (Read 285 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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The unity of government which constitutes you one people is also now dear to you. It is justly so, for it is a main pillar in the edifice of your real independence, the support of your tranquility at home, your peace abroad; of your safety; of your prosperity; of that very liberty which you so highly prize. But as it is easy to foresee that, from different causes and from different quarters, much pains will be taken, many artifices employed to weaken in your minds the conviction of this truth.  George Washington - Farewell Address

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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The unity of government which constitutes you one people is also now dear to you. It is justly so, for it is a main pillar in the edifice of your real independence, the support of your tranquility at home, your peace abroad; of your safety; of your prosperity; of that very liberty which you so highly prize. But as it is easy to foresee that, from different causes and from different quarters, much pains will be taken, many artifices employed to weaken in your minds the conviction of this truth.  George Washington - Farewell Address

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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