Reported 30 days ago
The SEC has rejected Elon Musk's offer of $2,923 for missing a deposition about his 2022 Twitter acquisition and is seeking sanctions against him. The SEC investigates potential securities fraud related to Musk's sale of Tesla shares and his increased Twitter stake. Despite initial refusals, Musk eventually testified on October 3, but the SEC argues that mere reimbursement of travel costs is insufficient given his wealth and previous missed depositions.
Source: YAHOO