On Thursday, Elon Musk posted a concerning letter on X from his attorney, Alex Spiro, to Gary Gensler, the Chair of the Securities and Exchange Commission. The letter said SEC staff had issued a “settlement demand that required Mr. Musk agree within 48 hours to accept a monetary payment or face charges on numerous counts.” Musk captioned it, “Oh, Gary, how could you do this to me?”
Oh Gary, how could you do this to me? 🥹 pic.twitter.com/OoooQI77ZS
— Elon Musk (@elonmusk) December 12, 2024
I think where it says “accept monetary payment,” that means they’re demanding he pay them — otherwise, it doesn’t make any sense.
The letter continued:
They [the SEC staff] indicated that this demand was a result of a directive from their superiors and that charges would be brought imminently unless Mr. Musk acquiesced. This demand follows a multi-year investigation and more than six years of harassment of Mr. Musk by the Commission and its Staff.
Spiro said that they even tried to subpoena him and he refused. He also added the SEC had reopened an investigation into Musk’s Neuralink. […]
— Read More: redstate.com
