SEC acting against Tesla and Elon Musk

Discussion in 'Off Topic' started by TeslaInvestors, Aug 20, 2018.

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Is Elon Musk too big to jail?

  1. No. We just need a bigger cell.

    1 vote(s)
  2. No. He will fit right in.

    0 vote(s)
  1. TeslaInvestors

    TeslaInvestors Active Member

    Looks like SEC and DOJ have gone short.
    Summary for those who don't like to watch:
    1. SEC will look at all aspects, and will dig deeper everywhere it sees any roaches.
    2. Tesla was already under SEC investigation.
    3. Worst case, Elon may end up in jail.
    4. Many types of investors (longs who bought for $420 sure bet, call option holders who got wiped out, short sellers who covered in a hurry) are going to sue for billions of dollars in damages. That is on top of the SEC fines and DOJ fraud charges.
    5. Board members are also on the hook.

    Elon is not too big to fail. But is he too big to jail?
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