• designatedhacker@lemm.ee
      link
      fedilink
      arrow-up
      20
      arrow-down
      1
      ·
      edit-2
      5 months ago

      Experts believe the SEC faces significant challenges if it proceeds with fraud charges. “Courts typically prefer fraud cases that involve clear false statements,” said Fagel. “Transforming a regulatory violation into fraud, especially one involving delayed disclosure, can be an uphill battle.”

      James Park, a securities law expert at UCLA, added, “Regulators could potentially frame this as a case of market deception, which complicates matters compared to straightforward falsehoods. It’s a nuanced issue but significant enough to warrant serious consideration.”

      The biggest thing in their favor is a firefighters pension that sold at a lower than expected price if he had made the disclosure. They’re not wrong, but it’s a lie of omission type thing. We’ll see if it flies over the next 5 years of appeals and shenanigans. Meanwhile he wrote himself a check on Tesla stockholders dime to cover the Twitter fuck up. I’m betting he fucks them over as Tesla spirals into a crater.

      • nomous@lemmy.world
        link
        fedilink
        arrow-up
        10
        arrow-down
        1
        ·
        5 months ago

        That’s what you took from their comment? That they think poised and seek are big words?

        I took something completely different from it.

      • qed123@lemmy.world
        link
        fedilink
        arrow-up
        1
        arrow-down
        10
        ·
        5 months ago

        I upvoted u man. The “hay world im too stupid to read so ill just go “HAY WORLD I CANT READ” haha now applaud, SELF BURN” self burn was old 30 years ago. We get it, u cant read. BUT IM NOT TWASTING MY TIME TYPING ALL THIS OUT. lol. Writing long, convoluted run on sentences filled with shitty grammar and what not is my thing, its therapeutic…I can keep this up all night. It is soothing. <3