23 September 2023

It's Called Looting

And when  Dennis Kozlowski at Tyco did it, he spent 5 years in gaol.

Now, the DoJ is looking into Elon Musk's self dealing at Tesla.

I would be very amused if this is what finally takes down the  Apartheid Era Emerald Heir Pedo Guy™.

Federal prosecutors are scrutinizing personal benefits may have provided Elon Musk since 2017—longer than previously known—as part of a criminal investigation examining issues including a proposed house for the chief executive.

The U.S. Attorney’s Office for the Southern District of New York also has sought information about transactions between Tesla and other entities connected to the billionaire, people familiar with the investigation said. Prosecutors have referenced the involvement of a grand jury.

………

The house effort was known within the carmaker as “Project 42,” and plans called for an expansive glass building to be constructed near Tesla’s Austin-area factory and headquarters.

The Securities and Exchange Commission has opened a separate civil investigation into the project, the Journal has reported.

………

Among the questions prosecutors are examining is whether Tesla properly disclosed perks Musk might have received. Internal or external lawyers typically handle such disclosures. At Tesla, Musk has at times personally guided what information to disclose to shareholders. It couldn’t be learned whether that was the case with any perks that prosecutors are scrutinizing. Tesla has said it generally doesn’t provide perks or other personal benefits to its top executives.

And if you believe that, I have some swamp land in Florida for you.

What I don't see is any notes about the bailout of Solar City by Tesla, which salvaged both his investment in the firm, and the bailout of his cousin, who had founded it.

If we know anything about silly-con valley, it is that behavior like that of Elizabeth Holmes and Theranis is more of the rule than the exception.

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