this post was submitted on 05 Oct 2023
460 points (95.6% liked)

News

23367 readers
2673 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS
 

The investigation — which escalates a long-running feud between the SEC and Musk — concerns whether Musk broke federal securities laws in 2022 when he bought stock in Twitter, which Musk renamed X, as well as statements and SEC filings he made in relation to the deal.

The SEC said it subpoenaed Musk in May 2023 requiring him to provide testimony at the SEC’s San Francisco office, and that Musk had agreed to appear on Sept. 15. But then two days beforehand Musk raised "several spurious objections" and told the SEC he would not appear, the SEC said. Musk also refused to SEC proposals to conduct the deposition in Texas in October or November.

Among his objections was that the SEC was trying to “harass” him and that his counsel needed time to review potentially relevant material contained in a biography of Musk published last month, the SEC said.

all 42 comments
sorted by: hot top controversial new old
[–] [email protected] 137 points 1 year ago (5 children)

Couldn't be happening to a more deserving guy. Between the racism lawsuits, his ex-girlfriend lawsuit, investor lawsuits, former executive suing him, and now the SEC? I hope this is the year we take all of Elon's money.

[–] [email protected] 74 points 1 year ago (2 children)

Just shows how weak our government is against the rich. If the SEC order any of us to appear we would appear or go to jail. These fucker can even ignore subpoena.

[–] [email protected] 34 points 1 year ago (1 children)

They couldn't even enforce their settlement with him over the fraud he was investigated for at Tesla. Which doesn't even count all the fraud they turned a blind eye to.

[–] [email protected] 4 points 1 year ago

i.e., excessive wealth deferment

[–] [email protected] 31 points 1 year ago (2 children)

All of this could be why he’s slowly morphing into Kathy Bates, he’s looking for a disguise we might trust.

[–] [email protected] 13 points 1 year ago

I know a guy whose ankles would disagree strongly with that assesment

[–] [email protected] 8 points 1 year ago

The only hypothesis that makes sense so far, IMO.

[–] [email protected] 13 points 1 year ago

Maybe he and Trump can share a cell together.

[–] [email protected] 8 points 1 year ago (1 children)

Even if we could just take away 99.9999%, that would be nice. He'd still be several times wealither than the average american his age.

[–] [email protected] 5 points 1 year ago

That's acceptable to me, look what he pisses his money away on. The other .0001% would be gone quickly.

[–] [email protected] 6 points 1 year ago (2 children)

As much as I would love for that to happen, money just gets shuffled around between companies and people like cards at a casino. It's exceptionally easy to launder it when you're that wealthy.

And then even if you do somehow manage to remove all his assets, he still maintains his existing social networks and connections, which may be enough to get him back to a similar position.

Prison is necessary if he has committed financial crimes. Anything less is merely finger-wagging.

[–] [email protected] 3 points 1 year ago (1 children)

Yeah, I mean, none of us are that lucky. But is a life without dreaming a life worth living?

[–] [email protected] 3 points 1 year ago

It's the wrong day for me to answer that question too honestly, but I understand your point. Keep on dreaming and living the dream, friend.

[–] [email protected] 1 points 1 year ago

musk reportedly burns a lot of bridges (you have to in order to get that filthy rich)

[–] [email protected] 27 points 1 year ago

I think you're confusing harassment with oversight. You know, the entire point the SEC exists.

[–] [email protected] 16 points 1 year ago (1 children)

So is this criminal or just civil? Because he's practically immune to civil lawsuits in the USA.

[–] [email protected] 11 points 1 year ago

The SEC is suing to get a court order to compel his testimony in an investigation. Assuming the court grants that order, which is likely, he will be forced to cooperate with the SEC or face the prospect of sitting in jail for contempt of court.

[–] [email protected] 14 points 1 year ago (1 children)

Lets be real - someone this rich will not be punished regardless of what he does.

[–] [email protected] 5 points 1 year ago (2 children)

You never know. Look what happened to Abramoff and Epstein.

[–] [email protected] 2 points 1 year ago

Some optimism is nice on a Friday 👍

[–] justastranger 13 points 1 year ago

C'mon, he was subpoenaed. I wish that shit meant something to the plutocrats.

[–] [email protected] 11 points 1 year ago

lol it’s going to come out that all that money came from Russia, Iran, and Saudi Arabia

[–] [email protected] 10 points 1 year ago

This one's especially funny to me, Musk already HATES the SEC for probing his previous stock trading shenanigans

[–] [email protected] 9 points 1 year ago (1 children)

Why does every post of this clown have a picture of him cosplaying as Dr Evil? If newsrooms can attach unflattering photos of Zuckerburg, they should be able to use unflattering pictures of Musk.

[–] [email protected] 10 points 1 year ago (2 children)
[–] PrincessLeiasCat 7 points 1 year ago

That….is a lot to unpack.

[–] [email protected] 1 points 1 year ago

Real "I can be your devil or your angle" energy