The SEC is suing Elon Musk for failing to disclose his purchase of more than 5% of Twitter before the legal deadline. They claim it allowed him to keep purchasing at a discounted price. However, everyone knew at the time that he overpaid. It was overpriced and had slews of fake or duplicate posters. Mr. Musk paid $44 billion for a platform that’s valued at $30 billion.
Gensler made a settlement offer along with a threatening letter to charge him with multiple charges within 48 hours.
This lawsuit comes during Gary Gensler’s final week as chairman of the SEC before he steps down on January 20. It’s a parting shot from a partisan who wouldn’t leave Musk alone but ignored others who toed the line.
BREAKING: Biden’s SEC suing Elon Musk over Twitter acquisition just days before Gensler, Biden leave their positions.
Biden predicted this 2 years ago: pic.twitter.com/4tTM3YiAiw
— End Wokeness (@EndWokeness) January 14, 2025
-
The Importance of Prayer: How a Christian Gold Company Stands Out by Defending Americans’ Retirement
An Example of What They Did to Musk
Elon Musk: The SEC forced me to pay a fine, although I was found not guilty.
He was found not guilty by a San Francisco jury, but he had to pay a fine anyway or Tesla would have lost their lines of credit with banks. The company would have gone bankrupt immediately. He paid $20 million, not because he did anything wrong, but because the weaponized SEC is corrupt and extorted the money.
Lex Friedman Podcast, November 9, 2023:
Elon Musk: The SEC forced me to pay a fine although I was found not guilty.
“I did actually have the funding secured. There was a big trial in San Francisco, a big civil trial. The jury found me not guilty. Unanimous finding of a San Francisco jury.
The reason I agreed to the… pic.twitter.com/LMqj4nobkC
— ELON CLIPS (@ElonClipsX) January 15, 2025
The Weaponization of the SEC
BREAKING: Head of the weaponized SEC Gary Gensler just threatened charges against Elon Musk within 48 hours
Nothings changed. Here’s JD Vance calling out Gary Gensler for weaponizing the SEC against Democrats political enemies including Trump
JD Vance threatens Gary Gensler… pic.twitter.com/TauAMQx5gs
— Wall Street Apes (@WallStreetApes) December 13, 2024
Subscribe to the Daily Newsletter