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by morelisp
1527 days ago
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It sounds like "the banks," who would be in an even more privileged position to know if the $420 offer was legitimately secured, also thought it was not. Doesn't really help Elon's case. It is also not the story he told in 2018 when he was still fighting the charges. > a special counsel investigation into the SEC and the responsible banks, with multiple bureaucrats ending up behind bars. lol |
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Speculation. What's not speculation however is that the company suffered material harm as a byproduct of malicious prosecution.
If I, as a government employee, open a public investigation into someone whom I know to be innocent and cause that entity harm I have incurred liability. The SEC knew Elon had the funding, they used weasel words to imply he did not. The SEC would have lost in court. _All_ contracts have contingencies, this was no different. Saying that because a contingency existed the funds were "not secure" is horsecrap.