David Pakman: Elon Musk hit with federal investigation

"The tech billionaire meme troll self declared free speech warrior Elon Musk is now under federal investigation, not by one agency, but multiple.

First, you've got the SEC, which has filed a lawsuit against Musk for failing to timely to make timely disclosures regarding his acquisition of Twitter stock in 2022. Now, according to the SCC, Musk crossed owning five percent of Twitter March 14th, 2022. He didn't file the disclosure until April 4th and that delay allowed him to buy additional shares at artificially low prices, saving 150 million dollars while other investors were selling their shares with no knowledge of the fact that Elon Musk had this stake. You're not allowed to do that. That's now under federal investigation.

Number two, the GAO. That's the government accountability office. This is like the congressional watchdog. They are launching an investigation into recent changes at the SEC, particularly those that were influenced by Doge, meaning in a way by Elon Musk himself. This probe comes after concerns were raised about staff reductions, consolidation of operations, curtailing enforcement powers at the sec and all of it is part of this broader effort under Trump and Musk to just shrink. Downsize and neuter the federal government. That's number two.

Number three, the GAO is auditing Doge's activities within various federal agencies, including the Department of Labor, Education, Treasury and Social Security Administration. And that audit is focusing on whether Doge adhered to privacy and security regulations as well as the fact that many of its operatives have direct connections right back to Elon Musk's businesses. They have no experience running anything government related. And that's raising alarms about the fact they were all given access to these critical systems.

Finally, as if all of that were not enough, Senator Gene Shaheen has introduced legislation aimed at preventing conflicts of interest by banning government contracts and grants. To companies owned by special government employees."

Full video: youtube.com/watch?v=FwHXdSPW6Y…

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