The SEC accused Elon musk in securities fraud and filed for him in court

The Commission on securities of the USA (The US Securities and Exchange Commission) has charged the famous businessman Elon musk. According to the state regulator, the billionaire deliberately misled investors and shareholders of Tesla. SEC calls to ban the Mask to hold senior positions in public companies.

We are talking about the post on the social network Twitter, where the billionaire said that he plans to clean up automaker Tesla from the stock exchange and convert it into private property. While Elon Musk has indicated its willingness to repurchase shares at a price of $420 apiece.

The SEC accused Elon musk in securities fraud and filed for him in court
SEC sues CEO of Tesla, which calls to ban Elon musk to lead the public business. Photo: Depositphotos

The businessman argued that the issue of funding resolved, and the deal can be implemented in the near future. However, later the head of Tesla refused from this idea. According to the Mask, such a decision he came after he held talks with partners and investors.

Check the securities Commission showed that billionaire «was not discussed, and furthermore does not confirm the conditions of purchase of any of the possible investors.» For this reason, the SEC is suing the head of the company Tesla, which calls to ban Elon musk to lead the public business.

At the same time, the U.S. Department of justice conducts a criminal investigation against the employer, also concerning his controversial tweet. This was reported by the authoritative edition of Bloomberg, citing anonymous sources.

Elon Musk has not yet commented on the situation with the new charges. The businessman is now actively engaged in establishing production of the model 3, which Tesla has high hopes.

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