Elon Musk was finally sued by the US government, he was ordered to appear in court regarding the hijacking of Twitter, but he ignored it and did not respond.
The U.S. Securities and Exchange Commission (SEC), a government agency that monitors securities transactions in the United States, has filed a lawsuit against Elon Musk.
SEC.gov | Elon R. Musk
The SEC is investigating Musk's acquisition of Twitter and has sent a subpoena to Musk to appear in court. However, because Mr. Musk continued to ignore the subpoenas, we decided to file a lawsuit.
According to the SEC, Musk agreed in May 2023 to 'appear in court to testify on September 15, 2023,' and in the same month, the SEC's San Francisco office contacted Musk on September 15, 2023. A summons was sent to him to appear in court. Then, two weeks before his scheduled court date, Musk requested that his court date be moved by one day, and his request was granted. However, two days before his scheduled appearance in court, Mr. Mask suddenly informed the SEC that he was canceling his appearance. And Musk ignored the subpoena and failed to appear in court.
According to the SEC, when Mr. Mask informed the SEC that he was canceling his appearance in court, he raised objections such as ``Is it appropriate to use San Francisco as a venue for testimony?'' However, the SEC has dismissed Musk's challenge as a 'false claim.'
In addition, in response to a post claiming that ``the SEC's lawsuit against Musk is a witch hunt,'' Musk said, ``The SEC is abusing its authority as a regulator to target individuals for personal and political gain. 'We are taking punitive action. A comprehensive review of agencies like the SEC is desperately needed,' the agency wrote in response, arguing that the SEC's lawsuit was an abuse of power.
A comprehensive overhaul of these agencies is sorely needed, along with a commission to take punitive action against those individuals who have abused their regulatory power for personal and political gain.— Elon Musk (@elonmusk) October 5, 2023
Can't wait for this to happen.
in Note, Posted by log1o_hf