Elon Musk says SEC orders him to pay fine over Twitter purchase or face charges

Elon Musk Gets Threat Of Criminal Charges From Biden Admin

Outgoing Securities and Exchange Commission Chairman Gary Gensler has threatened to press charges against Tesla and Space X CEO Elon Musk if he does not comply with a monetary demand. The billionaire entrepreneur posted a letter that showed he could face charges that date back to his purchase of Twitter, now known as X, in 2022 with the caption, “Oh Gary, how could you do this to me?” A letter from Musk’s attorney, Alex Spiro, to Gensler said th…

Elon Posts Troubling Letter From His Attorney Regarding SEC and Threatened ‘Charges’

On Thursday, Elon Musk posted a concerning letter on X from his attorney, Alex Spiro, to Gary Gensler, the Chair of the Securities and Exchange Commission. The letter said SEC staff had issued a “settlement demand that required Mr. Musk agree within 48 hours to accept a monetary payment or face charges on numerous counts.” Musk captioned it, “Oh, Gary, how could you do this to me?” Oh Gary, how could you do this to me? pic.twitter.com/OoooQI77…

Nvidia under fire, solar eclipses on demand, and Elon Musk vs. the SEC: Tech news roundup

Nvidia (NVDA) is under investigation for allegedly violating anti-monopoly laws in China.Read more...

Elon Musk’s lawyer claims the SEC demanded the Tesla CEO pay a fine or face charges to resolve an investigation into his purchase of Twitter

The attorney also claimed the SEC reopened an investigation into Neuralink this week.

SEC Threatens Elon Musk with Charges - News Addicts

Outgoing Securities and Exchange Commission Chairman Gary Gensler apparently has issued a monetary settlement demand on billionaire Elon Musk, threatening charges if he does not comply. Musk posted a letter Thursday stating the charges that would be brought by Chairman Gary Gensler’s SEC date back to the businessman’s 2022 purchase of social media platform Twitter, […] The post SEC Threatens Elon Musk with Charges appeared first on News Addicts.

Judge clears way for Musk appeal to try to restore $56 billion Tesla pay

WILMINGTON, Delaware (Reuters) – A Delaware judge cleared the way on Friday for Elon Musk and Tesla to begin legal appeals to try to reinstate the chief executive’s record-breaking $56 billion pay package from the electric carmaker. The order by Chancellor Kathaleen McCormick of the Court of Chancery opens the 30-day window for an appeal to the Delaware Supreme Court. Musk and the board that approved the 2018 pay package can appeal McCormick…