<p>As Twitter desperately tries to fend off his hostile takeover bid, Elon Musk could be facing another potential battle with the federal government, with both the Securities And Exchange Commission (SEC) and the Department of Justice reportedly poised to launch an investigation targeting him.</p>
<p>News of potential looming federal probes of Musk, who has previously clashed with the SEC over his ownership of carmaker Tesla, came in a Wednesday <a href="https://video.foxbusiness.com/v/6303844565001#sp=show-clips">report</a> from Charles Gasparino of Fox Business Network. It was not clear whether the agencies are looking into Musk&#8217;s handling of Tesla, his $41 billion bid to take Twitter private, or both.</p>
<p>“Both the DOJ and the SEC are clearly scrutinizing this entire matter,&#8221; Gasparino said. &#8220;Now, we’re getting this from lawyers &#8230; they’re clearly monitoring and scrutinizing this entire issue, whether he filed the right forms, whether there’s a stock manipulation case here, whether he’s making public statements that he probably shouldn’t make. … What we do know is that he’s stirred up a regulatory hornets’ nest. DOJ, SEC, I’m getting this from lawyers who deal with them.”</p>
<p>The veteran business journalist said that the Justice Department faces a high bar for bringing a criminal case against Musk, but the SEC could have an easier time coming down on the world&#8217;s richest man if it can show he manipulated stock in companies in which he held stakes.</p>
<p>Gasparino tweeted on Thursday: “@elonmusk offers to buy the rest of @Twitter a legal source tells @FoxBusiness @SECGov and @TheJusticeDept have launched what he described as a ‘joint investigation’ into a myriad of Musk regulatory issues primarily involving @Tesla.”</p>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
<p lang="en" dir="ltr">BREAKING: As <a href="https://twitter.com/elonmusk?ref_src=twsrc%5Etfw">@elonmusk</a> offers to buy the rest of <a href="https://twitter.com/twitter?ref_src=twsrc%5Etfw">@Twitter</a> a legal source tells <a href="https://twitter.com/FoxBusiness?ref_src=twsrc%5Etfw">@FoxBusiness</a> <a href="https://twitter.com/SECGov?ref_src=twsrc%5Etfw">@SECGov</a> and <a href="https://twitter.com/TheJusticeDept?ref_src=twsrc%5Etfw">@TheJusticeDept</a> have launched what he described as a &quot;joint investigation&quot; into a myriad of Musk regulatory issues primarily involving <a href="https://twitter.com/Tesla?ref_src=twsrc%5Etfw">@Tesla</a>  <a href="https://t.co/TDFLED1XuI">https://t.co/TDFLED1XuI</a></p>
<p>&mdash; Charles Gasparino (@CGasparino) <a href="https://twitter.com/CGasparino/status/1514560918000185347?ref_src=twsrc%5Etfw">April 14, 2022</a></p></blockquote>
<p>Musk’s battle with the Securities and Exchange Commission date back to 2018, when the SEC filed a complaint targeting him after he announced he wanted to take Tesla private. Musk tweeted at the time, “Am considering taking Tesla private at $420. Funding secured.”</p>
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">
<p lang="en" dir="ltr">Am considering taking Tesla private at $420. Funding secured.</p>
<p>&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1026872652290379776?ref_src=twsrc%5Etfw">August 7, 2018</a></p></blockquote>
<p>The SEC wrote in the <a href="https://electrek.co/2018/09/27/tesla-tsla-stock-tumbles-sec-sues-elon-musk/">complaint</a>:</p>
<blockquote><p><em>Musk made his false and misleading public statements about taking Tesla private using his mobile phone in the middle of the active trading day. He did not discuss the content of the statements with anyone else prior to publishing them to his over 22 million Twitter followers and anyone else with access to the Internet. He also did not inform Nasdaq that he intended to make this public announcement, as Nasdaq rules required.</em></p></blockquote>
<p>“This unjustified action by the SEC leaves me deeply saddened and disappointed,&#8221; Musk responded. &#8220;I have always taken action in the best interests of truth, transparency and investors. Integrity is the most important value in my life and the facts will show I never compromised this in any way.”</p>
<p>Ultimately, Tesla and Musk settled with the SEC with Musk agreeing to step down as chairman and Tesla and Musk having to each pay $20 million in penalties. Part of the settlement forced Musk to have his tweets reviewed by Tesla’s legal department if they were strongly related to the company. In February 2022, an attorney for Musk <a href="https://electrek.co/2022/02/17/elon-musk-tesla-argue-sec-harassing-them-strongly-worded-letter/">issued a letter</a> to the SEC stating:</p>
<blockquote><p><em>We write to alert the Court to a pattern of conduct by the Securities and Exchange Commission (the “SEC”) that has gone beyond the pale. Simply stated, the SEC has failed to comply with its promise to pay Tesla’s shareholders the $40 million it collected as part of the settlement in these cases and that it purports to be holding for them. Instead, it has been devoting its formidable resources to endless, unfounded investigations into Mr. Musk and Tesla. We are respectfully requesting that the Court schedule a conference to address why the SEC has failed to distribute these funds to shareholders but has chosen to spend its energy and resources investigating Mr. Musk’s and Tesla’s compliance with the consent decree by issuing subpoenas unilaterally, without Court approval.</em></p></blockquote>
<p>The SEC denied it was harassing Musk and denied the request for a conference. Musk’s attorneys then filed a new motion saying Musk had settled with the SEC so Tesla could survive. Musk himself stated, “Funding was indeed secured. I should say I do not have respect for the SEC in that situation. I don’t mean to blame everyone at the SEC, but certainly the San Francisco office. The SEC knew that funding was secured. They pursued an active public investigation, nonetheless.”</p>
<p>This week, Musk <a href="https://www.reuters.com/technology/musk-says-us-sec-bastards-forced-settlement-over-tesla-tweets-2022-04-14/">told the audience</a> at the TED Conference in Vancouver, “So I was forced to concede to the SEC unlawfully. Those bastards,” adding that he was concerned banks would stop offering capital. He snapped, “So that&#8217;s like having a gun to your child&#8217;s head. I was forced to admit that I lied to save Tesla&#8217;s life and that&#8217;s the only reason.”</p>

<script async src="https://www.tiktok.com/embed.js"></script>
<script async src="https://www.instagram.com/embed.js"></script>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><div data-widget-host="revcontent" data-pub-id="165152" data-widget-id="290588"></div><script src="https://delivery.revcontent.com/165152/290588/widget.js"></script>

As Elon Musk Battles Twitter, Biden’s DOJ And SEC Reportedly Launching Probes Targeting Him

CONTINUE READING

The Election ‘Denier’ Democrats Couldn’t Keep Behind Bars

Lesbian Couple Kicked Out Of LGBTQ Spa Over Star Of David Pendant

Strut The Line, Serve The Time: Home Run Trot Gets Player Tossed

Purple Heart Hero Levels Radical Dem Who Mocked His War Wounds

NHL Icon Claude Lemieux Dead At 60 After Apparent Suicide

Bari Weiss Is Remaking CBS News And The Left Is Panicking

News

Biden Administration

Department of Justice

Elon Musk

Fox Business Channel

Securities and Exchange Commission

Twitter

A video goes viral showing a baby being refused his mother by two gay "dads". This is just the tip of the iceberg, which is why we will have an important discussion today about surrogacy. 

Hour 1

The Matt Walsh Show

Ep. 1765 - This Video Is One Of The Worst Things I've Seen In A Long Time 

The Strait of Hormuz officially opens for business (kind of), the Pope makes “shocking” comments on immigration, and President Trump promises UFO disclosure at TPUSA. 


The Michael Knowles Show

Ep. 1956 -  Pope Leo's "SHOCKING" Immigration Comments EXPLAINED

A false miscreed has corrupted our leadership class.


The Andrew Klavan Show

Ep. 1275 - Dumb, Dumber and Progressive

President Trump announces a 10-day ceasefire between Lebanon and Israel, a murder-suicide involving former Democratic Lieutenant Governor Justin Fairfax shakes Virginia, and France and Britain hold a conference to secure the Strait of Hormuz – after the Iranian conflict ends. Get the facts first with Morning Wire.

- - -

Ep. 2738

- - -

Wake up with new Morning Wire merch: https://bit.ly/4lIubt3

- - -

Today's Sponsors:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text 'WIRE' to 83848 to learn more.

Pocket Hose - Text MORNING to 64000 to get a FREE pocket pivot and their 10-pattern sprayer with the purchase of ANY size Copper Head hose. Message and data rates may apply.

Morning Wire

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26

U.S. Expands Hormuz Blockade & VA Fairfax Deaths Investigated | 4.17.26 [Member Exclusive]

A ceasefire goes into effect between Israel and Lebanon, a tragic murder-suicide rocks Virginia, and Dairy Queen deploys AI in the drive-thru. Get the facts first with Evening Wire.
- - -
Ep. 2737
- - -
Wake up with new Morning Wire merch: https://bit.ly/4lIubt3 
- - -
Today’s Sponsor:

Alliance Defending Freedom - Visit https://JoinADF.com/WIRE or text “WIRE” to 83848 to learn more.


Evening Wire: Lebanon Ceasefire Begins & Murder-Suicide Rocks VA | 4.16.26

The Pendragon Cycle

Menu

— News —

As Elon Musk Battles Twitter, Biden’s DOJ And SEC Reportedly Launching Probes Targeting Him