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I'm saying the idea of just making a misstatement doesn’t necessarily rise to the level of fraud. You have to do something with intentionality. Oops, I mean I
by abalone 8y ago
I'm saying the idea of just making a misstatement doesn’t necessarily rise to the level of fraud. You have to do something with intentionality.
Oops, I mean I didn't say that. The head of the San Francisco SEC office did.
- SilasX 8y agoYes, but proving intent is the easy part of this, what with Musk's propensity to trash-talk short-sellers.
- abalone 8y agoDisliking short sellers is not the same as intent to defraud the public. Every CEO dislikes short sellers. Intent to commit fraud is absolutely the hardest part of this to prove.
- SilasX 8y agoCool, now we can retread the part where I expressed skepticism that personal optimism is carte blanche to represent any "secured" investment terms to the public.