Elon Musk is under investigation by the Securities and Exchange Commission (SEC) for alleged securities fraud, as highlighted in the SEC vs Musk legal filing. The SEC has accused Musk of employing 'gamesmanship' tactics to delay the investigation into his acquisition of Twitter, now known as X. The Commission expressed frustration over Musk's attempts to stall the process. In related developments, a former Twitter employee has requested a federal judge to compel Musk to undergo a 7-hour deposition to discuss his involvement in mass layoffs at the company. The SEC contends that Musk is trying to obscure the investigation's true scope to argue that the SEC is not seeking relevant evidence.
“Musk continues to distort the true scope of this investigation,” the SEC wrote in its filing, “his only hope for establishing that the SEC is not seeking relevant evidence.” https://t.co/U00sfHhayR
NEWS: Former Twitter Employee has asked a federal judge to order Elon to sit for a 7-hour deposition • The deposition would cover Elon's role in mass layoffs at the company now called X • In a court filing, the employee says Elon has "first-hand, non-redundant knowledge"… https://t.co/liUVaZkqZS
The SEC is sick of Elon Musk’s attempts to delay its Twitter investigation https://t.co/yrXvlQRFMw
The Securities and Exchange Commission accused X owner Elon Musk of "gamesmanship" to stall its investigation into his takeover of Twitter. https://t.co/KOjcTeosgP
BREAKING: Elon Musk being investigated by SEC for Securities Fraud, per new legal filing in SEC vs Musk: https://t.co/i0Y7YpVuGO