Axios is reporting that Musk has reached an agreement with the SEC in which he will pay a $20M fine and step down as head of Tesla for 3 years.
https://www.axios.com/elon-musk-sec-...170923524.html
Update:
Here’s another source, which says Musk will pay $20M and the corporation owned by the stockholders which allegedly were screwed by Musk will pay another $20M. That sounds more like the reasoning of the government I know — fining the alleged victims of the con.
https://apnews.com/128cc400e4244566a2f12971e257abb9/Tesla,-Musk-settle-gov't-suit-for-$40M;-Musk-to-stay-CEO
Last edited by wacojoe; 09-29-2018 at 07:11 PM.
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“You can vote your way into socialism, but you have to shoot your way out.” — Too fundamental to have an attribution