The Securities and Exchange Commission intends to seek sanctions against Elon Musk over his failure to appear for testimony in an investigation related to his takeover of Twitter, now called X, the regulator said in a court filing Friday.
Earlier this year, a federal judge ordered Musk to testify as part of the SEC’s probe of the billionaire’s $44 billion acquisition. The agency is examining whether Musk followed the law when disclosing his purchases of Twitter stock and whether his statements in relation to the deal were misleading.
Lock him up for contempt of court until he testifies.
I would literally be shocked if they enforced a rule that everyone else has to follow on a celebrity billionaire
I’m not sure what the law is on this. But from a practical standpoint, I would like to see adverse inferences drawn against him because he failed to show. That would form the basis for massive fines, so assess those fines, and take away a ton of his money.
It doesn’t seem like there’s any need to put him behind bars when this is a question about doing shady things with money that can be handled by taking away a lot of his cash.
It is not unusual in alimony or child support cases for someone who refuses to pay what they owe to be locked up for contempt. It is a way of compelling obedience to the law in civil cases.
He’s above the law until they can hold him accountable for his actions. They either need to admit that he is- or prove he isn’t.
He doesn’t care, he thinks he’ll get a presidential pardon after Trump gets elected.
Just like Trump- even when it looks like there will be consequences, there will be no consequences.
Take a page out of the EU handbook, fine him 5% of global Twitter revenue per infraction.
fine him 5% of the sale value when he bought it.
How hard would it be for the judge to “have him fetched”?
Would be epic and the tantrum would be hilarious
He would play victim so hard.
Can we revoke his government contracts now?
What about his citizenship?
