The CEO of Tesla El Musk is looking at the fact that US President Donald Trump is talking to the press while they stood next to the Tesla vehicle in the south of the White House on March 11, 2025 in Washington, DC.
Mandel and | AFP | Gety pictures
Elon Musk The court was summoned last week regarding the cases of the Supreme Education Council due to its alleged failure to properly reveal the purchases of Twitter shares in 2022 before providing bids to buy the company, according to a Thursday report.
The Process Server said the civil summons to Musk on March 14, at the Spacex headquarters in Bronzville, Texas. The servant indicated that upon his arrival at the SpaceX facility, three different security guards refused to accept the documents, and one of them told him that he was beyond. He put the documents on the ground, “and left while the guards photographed him and his car.
The summons is related to the ultimate purchase of Twitter, MUSK, now known as X, at $ 44 billion in 2022. Before the acquisition, Musk built a site in a company larger than 5 %, which would require the disclosure of his property to the public within 10 evaluation days of this extent.
According to Civil SEC complaintIt was presented to the US Boycott Court in Washington, DC, in January, MUSK was delayed by more than 10 days in reporting this material information, “allowing him to pay at least $ 150 million for shares he bought after the useful financial property report.”
Once you take on Twitter, use the Musk platform to nominate at that time and now President Donald TrumpAnd other Republican candidates and the reasons. Musk, who is also the CEO of the company TimingSpend about $ 290 million to help push Trump to the White House and is now working in the administration as a great adviser to the president.
Answer from Musk, or his lawyer, is scheduled to be on April 4.
SEC partner, Elon Musk, and the Quinn Emanuel Alex Spiro partner, did not respond immediately on the suspension requests
The White House directed Trump Deep discounts In the budget and employees of independent federal organizational agencies, including SEC. The organizer offered $ 50,000 to many of its employees, and encouraged them to resign or retire by March 21.
Trump administration also reverse A 15 -year -old policy allowed the Securities and Stock Exchange Director to issue official investigation orders. The agency will now request applications for the official investigation orders to vote on and agree to the SEC Commissioners, a change that is likely to slow down investigations such as those that led to the SEC lawsuit against Musk.
Musk has previously settled the charges of fraud in the civil securities presented by the Supreme Education Council in Tesla, its work in cars. On this issue, both Musk and Tesla had to pay $ 20 million of fines, and Musk had to temporarily abandon his role as head of the Tesla Council.
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