SEC Poised to Seek Enforcement Action Barring Elon Musk From Holding Executive Positions
SEC Poised to Seek Enforcement Action Barring Elon Musk From Holding Executive Positions
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.
I seriously doubt there will be a FO in this case unfortunately.
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.
This might actually save Tesla as company.
"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
That's what you took from their comment? That they think poised and seek are big words?
I took something completely different from it.
I love irony
I upvoted u man. The "hay world im too stupid to read so ill just go "HAY WORLD I CANT READ" haha now applaud, SELF BURN" self burn was old 30 years ago. We get it, u cant read. BUT IM NOT TWASTING MY TIME TYPING ALL THIS OUT. lol. Writing long, convoluted run on sentences filled with shitty grammar and what not is my thing, its therapeutic....I can keep this up all night. It is soothing. <3
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 is too juicy to be real
How about sec investigate GME manipulation
He got that pay package just in the nick of time.
He didn’t get it yet.
Finally.
After giving him billions for years. Can we get govt people smarter than corporates, instead of dumber?
Please tell me again how the US is land of the free, and only China controls who's allowed to run businesses?
Elon isn't my patron saint, but from a business perspective he's batshit crazy enough to actually disrupt markets. That's the whole point of the USA right now isn't it?!
Some are collasal failures and others are immense successes. Just let the dude be crazy and innovate. Nobody is forcing you to buy Tesla stock. If there was a company that had a baboon as the CFO and every time it pressed a button the company would just light $1m on fire, and you know this because it's one of the world's most famous baboons, and you choose to give this company your money, why am I supposed to feel bad when the baboon presses the button? But when it doesn't light money on fire and instead creates a lot of money, that's ok. Shareholders get to keep 100% of that fake profit. But everyone gets to subsidize when the shareholders lose money.
Let idiots be idiots. It's the free market.
Securities Fraud isn't “disrupting markets”. Its a crime
People like you would absolutely hate what a "free market" actually is because it means monopolies and price gouging and that means you would be paying far more for everything.
he's batshit crazy enough to actually disrupt markets. That's the whole point of the USA right now isn't it?!
Nope. Even the Silicon Valley cult wants to disrupt the markets by being more profitable than others, NOT by being an incompetent and unhinged fraud like Musk.
Just let the dude be crazy and innovate
He hasn't been innovative, he's been throwing money at others to innovate for him. Sometimes he'll give them vague (and often impossible to follow) guidelines, but otherwise, he's in the business of spending money so that other people with actual expertise make money for him.
That's why he's made such a shit show out of Twitter: for the first time, he's not just the money man. He's actually the one making important decisions and he's REALLY fucking bad at it.
The fact that he's a narcissistic bigot who loves the far right and will do anything to avoid admitting his mistakes of course compounds the harm.
If there was a company that had a baboon as the CFO and every time it pressed a button the company would just light $1m on fire, and you know this because it's one of the world's most famous baboons, and you choose to give this company your money, why am I supposed to feel bad when the baboon presses the button?
Because cult brainwashing and hero worship of conmen are things. Like with Trump, some people think Musk can walk on water and would follow his lead and back his companies no matter what.
When those people lose their life savings, they aren't the only ones getting hurt: their families who might disagree will be destitute too. Them not having money to spend on goods and services hurts local businesses that they might otherwise spend money on. It all ripples out and, when the scale is big enough, hurts everyone except the debt profiteering vulture industry and the baboon himself.
Let idiots be idiots. It's the free market.
The market is NOWHERE near free. The deck is very much stacked in favor of billionaires, especially hectobillionaires like Musk. And even THEN, he still breaks the law to stack it further, to the detriment of society as a whole.
That's not letting idiots be Idiots (which is already a bad idea, as I explained above), that's letting an already extremely privileged money hoarding man-child defraud everyone else to further increase his obscene dragon's hoard of riches.
You missed the point entirely as expected. Americans obviously cannot think critically.
Nobody said Elon is the engineer behind all his successes. Those that do, are easily proven wrong and if they want to throw all their money away, let them.
The US let's people gamble. Go $100k in debt to study Mesopotamian pottery making and then become a barista. All the normal people with pensions that lose everything in restructuring like GM or many of the airlines, etc prove the US doesn't care most of the time. They pick and choose when to be burdens. The US government bailed out banks, car companies, and lots of other industries at a tax loss. But the people of say Enron, got nothing. The victims of Bernie Madoff, got (almost) nothing.
If you invested with Madoff, and lost everything, why don't you get money back too? He wasn't crazy. He was backed by 2 independent US credit and backing and auditing agencies. The SEC was paid off to not look at things with him and many of the frauds that led to the 2008 collapse. Elon, you know is crazy. If you don't know he's crazy, that's a personal problem.
The US also doesn't require a cognitive test of any kind to invest all your life savings into something. If you want to sell everything and buy Trump Steaks with Bible verses on them, nobody will stop you. That's freedumb.