Elon Musk's Enigmatic Interview with SEC: Unraveling the Puzzle
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Elon Musk's No-Show at SEC Deposition Raises Concerns
On September 10, the Securities and Exchange Commission (SEC) dispatched three lawyers to take a sworn deposition from Elon Musk regarding his takeover of Twitter. However, Musk failed to attend the interview, prompting the SEC to seek sanctions.
Musk's Lawyers Cite Emergency
Musk's lawyers claimed that he had traveled to the East Coast for a high-risk launch by his rocket company, SpaceX. They notified the SEC of the emergency three hours before the scheduled deposition.
SEC Alleges Gamesmanship
The SEC argued that Musk's absence smacks of gamesmanship and that he had not sought proper permission to reschedule. The agency requested that the court impose a penalty to deter future no-shows.
Musk's Cooperation and Resistance
Musk's lawyers stated that he had cooperated with the SEC in other investigations. However, they accused the agency of harassment and refused to allow Musk to testify a third time without written consent or a court order.
SEC's Investigation Continues
The SEC is investigating whether Musk delayed disclosing his stake in Twitter before his takeover. Musk has previously admitted to making a mistake in this regard.
Court Hearing Scheduled
The SEC has rescheduled the deposition and asked a federal court to ensure Musk's attendance. The court hearing is set for September 29.
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