The SEC has charged Elon Musk, accusing him of defrauding Twitter shareholders of over $150 million
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Spiro emphasized that the SEC’s demand for such a large settlement was out of line with previous cases, where penalties for similar violations have typically been much lower, often under $100,000. Musk’s defense team argues that this case should follow those precedents, asserting that the penalties being sought are not proportional to the offense.
Not fair! That proposed fine would make the crime unprofitable for my client!
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Spiro emphasized that the SEC’s demand for such a large settlement was out of line with previous cases, where penalties for similar violations have typically been much lower, often under $100,000. Musk’s defense team argues that this case should follow those precedents, asserting that the penalties being sought are not proportional to the offense.
Not fair! That proposed fine would make the crime unprofitable for my client!
It's detrimental to my case!
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Tomorrow trump will talk about how the crazy, corrupt, useless SEC is trying to invade our country through Greenland or some crazy bs and half the country will lap it up.
This is the stupidest fucking timeline
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facing serious allegations from the U.S. Securities and Exchange Commission (SEC)
The allegations may be serious, however, the attempt to charge Elmo or otherwise hold him to account is destined to fail. Or, at least, be pardoned by Mangolini.
Add it to the pile...
i think it's entirely possible that the pardon for 'everything' is already waiting for a sharpie scribble and that the SEC charges were not only expected--but planned in advance by muskrat.
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Wow. Someone at the SEC is either being very brave, very stupid, or knows something we don't.
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The SEC’s latest charges against Musk underscore the challenges faced by high-profile individuals, both in business and politics, when it comes to navigating financial regulations.
Wow. Being rich makes it harder to not break the law? Think I'm gonna go ahead and can bullshit.
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LOCK HIM UP!
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$150 million seems a little small for turning a $40 billion company into a less organized version of 4chan.
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“This violation, if proven, only warrants a symbolic fine,” Spiro argued
Reminded of the narcissist's prayer
"""
That didn't happen.
And if it did, it wasn't that bad.
And if it was, that's not a big deal.
And if it is, that's not my fault.
And if it was, I didn't mean it.
And if I did, you deserved it.
"""I hope when the revolution comes, all the people like this lawyer that enabled Musk also go up against the wall.
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i think it's entirely possible that the pardon for 'everything' is already waiting for a sharpie scribble and that the SEC charges were not only expected--but planned in advance by muskrat.
He'd probably be stupid enough to use auto-pen.
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facing serious allegations from the U.S. Securities and Exchange Commission (SEC)
The allegations may be serious, however, the attempt to charge Elmo or otherwise hold him to account is destined to fail. Or, at least, be pardoned by Mangolini.
Add it to the pile...
Yep, just get this out of the way now and exploit that sweet double jeopardy protection.
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$150m?
That doesn't make any sense. That would have been like $0.19/share.
He bought Twitter, priced at ~$41 in 10/2022. He's the last fucker I want to defend, and the SEC is effectively useless, but 19¢ per share?
It's 10pm so I'm probably not matching right, but this doesn't make any fucking sense.
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Next headline: doge infiltrates sec, fires 80% trump guts regulations
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The SEC’s latest charges against Musk underscore the challenges faced by high-profile individuals, both in business and politics, when it comes to navigating financial regulations.
Wow. Being rich makes it harder to not break the law? Think I'm gonna go ahead and can bullshit.
When I started reading this I thought they were going to say how it highlights the challenges of high-profile individuals in the SEC. How can they go after Elon without a conflict of interest given he basically owns the federal government.
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The SEC’s latest charges against Musk underscore the challenges faced by high-profile individuals, both in business and politics, when it comes to navigating financial regulations.
Wow. Being rich makes it harder to not break the law? Think I'm gonna go ahead and can bullshit.
I mean, have you ever tried doing a tax return by hand? It's bad enough for me just doing it online and trying to figure out whether my education expenses count as deductible or not, or how the info on my IRA's 1099 corresponds to the fields on freetaxusa.com. For some reason, Schwab put all the info in one PDF instead of splitting it out by form.
Now multiply that by however many other accounts they have and whatever money or assets are moving around, and every movement means taxes. It's definitely orders of magnitude more complicated.
It's not "don't kill people" law, it's "does this count as a wash sale" law.
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Uh oh, the one group in America you can't fuck with - investors.
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Next headline: doge infiltrates sec, fires 80% trump guts regulations
I'd put money on it.
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