Biden administration to investigate Elon Musk as free speech looms
The week after billionaire Elon Musk initiated a hostile takeover bid for Twitter, the Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) are attempting to launch a “joint investigation” into Musk.
As reported by Frontline News Sunday, the elites are making a concerted effort to block Musk from acquiring the platform. A Musk-owned Twitter would likely mean a complete overhaul of the platform and would disable the Left’s most effective tool, causing a significant change to America’s political power structure.
Just after Musk became Twitter’s largest shareholder last week, investment firm The Vanguard Group suddenly upped its stake to 10.3% to knock Musk off his perch.
The Vanguard Group is also the largest shareholder of Pfizer, which stands to gain from Twitter’s current censorship of anything that challenges the Pfizer vaccine's safety and effectiveness.
Now, the Biden administration, which relies on Twitter's censorship to push its agenda, is sending the SEC and DOJ to try to find dirt on Musk, who is no fan of the deteriorating White House occupant.
“Both the DOJ and the SEC are clearly scrutinizing this entire matter,” said Fox Business Network’s Charles Gasparino Wednesday. “Now, we’re getting this from lawyers … they’re clearly monitoring and scrutinizing this entire issue, whether he filed the right forms, whether there’s a stock manipulation case here, whether he’s making public statements that he probably shouldn’t make. … What we do know is that he’s stirred up a regulatory hornets’ nest. DOJ, SEC, I’m getting this from lawyers who deal with them.”
The SEC has gone head-to-head with Musk before, forcing the Tesla CEO into a $20 million settlement over claims of fraud. The SEC claims that Musk falsely tweeted in 2018 that funding was secured to take Tesla private.
The world’s richest man has publicly denied this, calling the SEC “bastards” during a TED talk interview last week.
“Funding was actually secured,” he told Chris Anderson. “I want to be clear about that. It’s maybe a good opportunity to clarify that. I don't mean to blame everyone at the SEC but certainly the San Francisco office, because the SEC knew that funding was secured but they pursued an active public investigation nonetheless.”
“At the time, Tesla was in a precarious financial situation and I was told by the banks that if I did not agree to settle with the SEC, that they would, the banks would, cease providing working capital and Tesla would go bankrupt immediately,” he added. “That's like having a gun to your child's head. So I was forced to concede to the SEC unlawfully, those bastards. … It makes it look like I lied when I did not in fact lie. I was forced to admit that I lied to save Tesla’s life and that's the only reason.”