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At this point his biggest goal should be avoiding prison, which with the DOJ investigation and the sheer stupidity of his actions is very much on the table.
by UpshotKnothole 8y ago
At this point his biggest goal should be avoiding prison, which with the DOJ investigation and the sheer stupidity of his actions is very much on the table.
- TrainedMonkey 8y agoSpaceX is national security launch services provider, no way he is going to jail.
- UpshotKnothole 8y agoWhy not? SpaceX will tick along without him, and he won’t leak classified material because then the prison he’d be in would deep and dark indeed.
- FLUX-YOU 8y agoI'm not so sure, one of the other space companies could start poaching talent and there's no way they can continue the government contracts with a huge loss of critical staff.
- bodas 8y agoSpaceX is an extremely desirable company to work at, it's more NASA than NASA. Even without Musk that would remain the case. Talent squeeze is not a risk IMO.
- mikeg8 8y agoYea he’ll join all the other billionaires in jail. I would say he looks pretty guilty of fraud but agree he will never see a cell, just heavy fines. And spaceX may survive without him but losing musk would suck a ton of wind out of their sails.
- refoundglory 8y agoMartha Stewart was a billionaire when she went to jail for insider trading.
- MrPatan 8y agoDid she go to jail for insider trading? Or for lying to the FBI?
- empath75 8y agohttps://en.m.wikipedia.org/wiki/Joseph_Nacchio https://en.m.wikipedia.org/wiki/Joseph_Nacchio
- np_tedious 8y agoMaybe if Elon had sold stock this would be in the realm of possibility.
- cheeze 8y agoMy understanding is that his imprisonment was questionable though, no? > charges his defense team claimed were U.S. government retaliation for his refusal to give customer data to the National Security Agency in February, 2001
- dabockster 8y agoThis is about Tesla, not SpaceX.
- garmaine 8y agoThe dude is the CEO of both. He couldn't effectively run SpaceX from jail.
- dabockster 8y agoYep. Musk is looking at possible insider trading charges. The DOJ will absolutely throw a rich guy in federal prison for that since the damage to the economy can be enormous.
- FighterMafia 8y agoHard to be insider trading if he didn't make any trades. Which he didn't.
- refoundglory 8y agoBut did he tell any friends that he was lying, and did they trade on it before that was public news?
- simongr3dal 8y agoBut he did make frivolous statements that affected the stock price of Tesla which can be seen as manipulating the stock market, which is a crime.
- brisance 8y agoHe may not have traded but his compensation is tied to the stock’s value. Which is a criminal offense since he is a direct beneficiary.
- sfifs 8y agoHe may have not insider traded but market manipulation is also a crime. It is on record that Elon was looking to hurt short sellers and making materially false statements about the company can be easily argued to be a criminal act used to do so. SEC Act - Sec 9(a)2 It is unlawful... or raising or depressing the price of such security, for the purpose of inducing the purchase or sale of such security by others.
- MBCook 8y agoGood news. He and his team had negotiated a settlement with the SEC. Then, for some genius reason, destroyed it. https://twitter.com/tomgara/status/1045472592595996672 https://twitter.com/tomgara/status/1045472592595996672
- prolikewh0a 8y agoBillionaires don't go to jail.
- Animats 8y agoLeona Helmsley, Federal Prisoner #15113-054. Michael Milken.
- cheeze 8y ago> Although having initially received a sentence of sixteen years, she was required to serve only nineteen months in prison and two months under house arrest. > Milken was sentenced to ten years in prison, fined $600 million, and permanently barred from the securities industry by the Securities and Exchange Commission. His sentence was later reduced to two years for cooperating with testimony against his former colleagues and for good behavior How common is that for the common person? I'm not arguing that it isn't, I'm just not sure.
- Razengan 8y agoUnless they piss off other billionaires?
- erikb 8y agoor the government
- UpshotKnothole 8y agoBillionaires don't go to jail. How many billionaires publically break the law in the way that Musk did, and put themselves in the position to risk jail? How many billionaires are there to begin with?