U.S. Securities and Exchange Commission
The SEC accused three venture capitalists involved in the IPO for Trump’s Twitter knockoff of making $23 million off of non-public intel.
Authorities say eight celebs illegally marketed crypto assets tied to Justin Sun, an ostentatious crypto founder.
The fallen crypto mogul, who was detained in the Bahamas, is accused of building “a house of cards on a foundation of deception.”
The reality star failed to disclose that she’d been paid $250,000 to shill the tokens, the SEC said.
The tech mogul hopes to use the explosive allegations to kill his accepted $44B offer.
The new structure is perhaps a wise move; Tesla’s stock has tanked nearly 40 percent over the past six months.
A shareholder said the Tesla CEO’s failure to disclose by March 24 had artificially dampened the social media company’s share price.