After giving him billions for years. Can we get govt people smarter than corporates, instead of dumber?
this post was submitted on 18 Jun 2024
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How about sec investigate GME manipulation
"Poised"
"Seek"
I don't have to read the article to know this is bullshit.
Experts believe the SEC faces significant challenges if it proceeds with fraud charges. “Courts typically prefer fraud cases that involve clear false statements,” said Fagel. “Transforming a regulatory violation into fraud, especially one involving delayed disclosure, can be an uphill battle.”
James Park, a securities law expert at UCLA, added, “Regulators could potentially frame this as a case of market deception, which complicates matters compared to straightforward falsehoods. It’s a nuanced issue but significant enough to warrant serious consideration.”
The biggest thing in their favor is a firefighters pension that sold at a lower than expected price if he had made the disclosure. They're not wrong, but it's a lie of omission type thing. We'll see if it flies over the next 5 years of appeals and shenanigans. Meanwhile he wrote himself a check on Tesla stockholders dime to cover the Twitter fuck up. I'm betting he fucks them over as Tesla spirals into a crater.
eestileeb SLAMS misleading incendiary headline
this is too juicy to be real
Motherfucker spends years taunting the SEC as a paper tiger, thinks he's winning and oh so clever because they don't do much of anything, meanwhile they're building their case brick by brick. ~~FAFO~~ Fuck the fuck around and find the fuck out, I guess; here's hoping the ban comes through right after the court kiboshes that ridiculous paycheque he wrote himself from Tesla.
On a completely irrelevant tangent, I hate FAFO. I see FAFO and it reminds me of FIFO and then I start thinking "but what does the A stand for?" First appended first out? First added first out? First assigned first out? And then I remember it has nothing to do with systems theory.
Can't we just spell it out? FAFO just doesn't have that kick. You spell FAFO and people will go" the fuck? " whereas you spell" fuck around, find out" and everyone goes "oh shit, that guy means business."
Fixed, but I added a little personal flair to show I really mean business. More fucks == more business, that's just maths.
I seriously doubt there will be a FO in this case unfortunately.
He got that pay package just in the nick of time.
He didn’t get it yet.
About freaking time.
They also need to ban him from being on the board of directors and pretty much everyone on the board of Tesla (who are all friends and family, and totally just doing what he says.)
This might actually save Tesla as company.
Finally.