{"id":1440943,"date":"2022-04-15T18:59:36","date_gmt":"2022-04-15T22:59:36","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1440943"},"modified":"2022-04-15T18:59:42","modified_gmt":"2022-04-15T22:59:42","slug":"as-elon-musk-battles-twitter-bidens-doj-and-sec-reportedly-launching-probes-targeting-him","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/as-elon-musk-battles-twitter-bidens-doj-and-sec-reportedly-launching-probes-targeting-him\/","title":{"rendered":"As Elon Musk Battles Twitter, Biden\u2019s DOJ And SEC Reportedly Launching Probes Targeting Him"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">28<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fas-elon-musk-battles-twitter-bidens-doj-and-sec-reportedly-launching-probes-targeting-him%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1440943&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/dw-wp-production.imgix.net\/2022\/04\/GettyImages-1234657348.jpg?w=1200&#038;h=800&#038;ixlib=react-9.3.0\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<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\u00a0Securities And Exchange Commission (SEC) and the Department of Justice reportedly poised to launch an investigation targeting him.<\/p>\n<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>\u00a0from\u00a0Charles Gasparino of Fox Business Network. It was not clear whether the agencies are looking into Musk\u2019s handling of Tesla, his $41 billion bid to take Twitter private, or both.<\/p>\n<p>\u201cBoth the DOJ and the SEC are clearly scrutinizing this entire matter,\u201d Gasparino said. \u201cNow, we\u2019re getting this from lawyers \u2026 they\u2019re clearly monitoring and scrutinizing this entire issue, whether he filed the right forms, whether there\u2019s a stock manipulation case here, whether he\u2019s making public statements that he probably shouldn\u2019t make. \u2026 What we do know is that he\u2019s stirred up a regulatory hornets\u2019 nest. DOJ, SEC, I\u2019m getting this from lawyers who deal with them.\u201d<\/p>\n<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\u2019s richest man if it can show he manipulated stock in companies in which he held stakes.<\/p>\n<p>Gasparino tweeted on Thursday: \u201c@elonmusk offers to buy the rest of @Twitter a legal source tells @FoxBusiness @SECGov and @TheJusticeDept have launched what he described as a \u2018joint investigation\u2019 into a myriad of Musk regulatory issues primarily involving @Tesla.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<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 &#8220;joint investigation&#8221; 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>\n<p>\u2014 Charles Gasparino (@CGasparino) <a href=\"https:\/\/twitter.com\/CGasparino\/status\/1514560918000185347?ref_src=twsrc%5Etfw\">April 14, 2022<\/a><\/p>\n<\/blockquote>\n<p>Musk\u2019s 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, \u201cAm considering taking Tesla private at $420. Funding secured.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Am considering taking Tesla private at $420. Funding secured.<\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1026872652290379776?ref_src=twsrc%5Etfw\">August 7, 2018<\/a><\/p>\n<\/blockquote>\n<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>\n<blockquote>\n<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>\n<\/blockquote>\n<p>\u201cThis unjustified action by the SEC leaves me deeply saddened and disappointed,\u201d Musk responded. \u201cI 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\u00a0never compromised this in any way.\u201d<\/p>\n<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\u2019s 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>\n<blockquote>\n<p><em>We write to alert the Court to a pattern of conduct by the Securities and Exchange Commission (the \u201cSEC\u201d) that has gone beyond the pale. Simply stated, the SEC has failed to comply with its promise to pay Tesla\u2019s 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\u2019s and Tesla\u2019s compliance with the consent decree by issuing subpoenas unilaterally, without Court approval.<\/em><\/p>\n<\/blockquote>\n<p>The SEC denied it was harassing Musk and denied the request for a conference. Musk\u2019s attorneys then filed a new motion saying Musk had settled with the SEC so Tesla could survive. Musk himself stated, \u201cFunding was indeed secured. I should say I do not have respect for the SEC in that situation. I don\u2019t 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.\u201d<\/p>\n<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, \u201cSo I was forced to concede to the SEC unlawfully. Those bastards,\u201d adding that he was concerned banks would stop offering capital. He snapped, \u201cSo that\u2019s like having a gun to your child\u2019s head. I was forced to admit that I lied to save Tesla\u2019s life and that\u2019s the only reason.\u201d<\/p>\n<p><em>The Daily Wire is one of America\u2019s fastest-growing conservative media companies for breaking news, investigative reporting, sports, podcasts, in-depth analysis, books, and entertainment for a reason: because we believe in what we do. We believe in our country, in the value of truth and the freedom to speak it, and in the right to challenge tyranny wherever we see it. Believe the same?\u00a0<\/em><a href=\"https:\/\/www.dailywire.com\/subscribe\"><em>Become a member now and join our mission<\/em><\/a><em>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<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\u00a0Securities And Exchange Commission (SEC)<\/p>\n","protected":false},"author":60,"featured_media":2315279,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1440943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1440943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/60"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1440943"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1440943\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1440943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1440943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1440943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}