As Elon Musk gains influence, questions hover over US probes into his empire
Elon Musk pay a settlement or face civil charges relating to alleged securities violations during his $44 billion takeover of Twitter in 2022.
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Musk broke the news himself in a social-media post: «Oh Gary, how could you do this to me?» he wrote, referring to SEC Chair Gary Gensler.
He added a smiley-face emoji but attached a legal letter condemning the «improperly motivated» ultimatum: «We demand to know who directed these actions-whether it was you or the White House.»
An SEC spokesperson declined to comment on the incident. The White House did not respond to a request for comment.
The SEC is not the only investigative agency Musk has defied and accused of political harassment. The billionaire has long railed against government oversight, portraying himself as a victim of bureaucratic zealots stifling his companies' potentially life-saving innovations.
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