As Jim Hoft previously reported, Biden-Harris’s Securities and Exchange Commission has been baselessly investigating Elon Musk’s lawful purchase of X/Twitter since 2022 and is suing him. Now, the Biden-Harris regime intends to levy the full force of the ‘law’ in an effort to punish one of their most formidable enemies.
Reuters reported Friday that the SEC said they would sanction Elon Musk after he refused to appear in court for testimony regarding his acquisition of X/Twitter. To make matters worse, they are making this decision even though his testimony had already been rescheduled for early October, demonstrating the Regime was looking for an excuse to harm the world’s richest man.
From Reuters:
The U.S. Securities and Exchange Commission said on Friday it intends to seek sanctions against Elon Musk after he failed to appear for court-ordered testimony for the regulator’s probe into his $44 billion takeover of X/Twitter.
In a court filing, the SEC said the sanctions motion would seek an order to show cause for why Musk should not be held in civil contempt for waiting until just three hours before the scheduled Sept. 10 testimony to advise he would not appear.
Lawyers for Musk called sanctions “drastic” and unnecessary, saying his testimony has already been rescheduled for Oct. 3.
A spokesman for the SEC declined to comment.
Hellbound and Down 