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by zionic 1523 days ago
>It sounds like "the banks," who would be in an even more privileged position to know if the $420 offer was legitimately secured

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.

1 comments

> The SEC knew Elon had the funding

Do you have proof - or even evidence - that Musk had funding, let alone that the SEC knew he had funding, other than Musk's own statements?