Elon Musk to Owe Estimated $2.1 Billion After Jury Finds He Misled Twitter Investors Before 2022 Buyout

https://lemmus.org/post/20989591

So that’s like me paying a $20 fine. GOOD JOB
Except he almost certainly won’t be paying anywhere near that amount, if anything.
Right, he’s just not gonna pay. It’s not like they’re gonna go get the money from his bank account. Can you imagine Elon Musk being garnished? Never gonna happen
Hope the Saudi’s treat a fraudster as harshly as a journalist

That’s a fine of $2 out of a total of $800.

I’d speed past cameras if I was running late, and that was the fine.

  • That’s chump change to him.
  • He’s not going to pay it anyway.
  • He’ll pay it, then make it back by lunch.
    And now the people he owes will never be broke. They’ll always have that money coming “some day”.
    Can’t wait to see how the system fails to make him account for this, again.
    He’s made billions more after and because of it so he doesn’t give a shit about a meaningless, billion dollar fine.
    It’s an ego thing, he’ll hire a bunch of really expensive lawyers and drag it out as long as he can. This is what the rich do.
    if you drag it out, a billion dollar fine becomes a million real fast
    Why make trillions when we can make Billions?Dr Evil Hilarious scene

    YouTube
    That’s a power thing. Avoiding accountability to the rule of law.
    Spoiler alert: he won’t pay or admit any wrongdoing.

    admit any wrongdoing.

    So, the Trump school of leadership.

    This has really spread these days, including living in filter bubbles.
    I think he can cut you a check for that in the court room.
    For the rest of us, there would be a seizure of assets and a prison term.
    God bless Willy Nelson…
    Basically, and it’s not even like this is a corporation that has some level of money machine go burr, it’s straight up one man who did this and is responsible it should be cut and dry and he should be spending the next few decades in prison.
    So the public paid to see another billionaire do things nobody else can do and get away with it. Nice.
    It should be % based of his income. Otherwise it’s not a punishment 
    This does not work because he will find a way to have 0 income (legally). I don’t know how we can make the billionaires pay, but we should tax the assets not the incomes.
    A gun works pretty good, or maybe something like Logan’s run but instead of it being age based it’s wealth based.
    It should be the amount he made from it + a fine. It’s how the serfs get handled.
    That’s the problem with Mr. musketeer he doesn’t actually show income. That’s why we’re always complaining about how billionaires don’t pay income tax.
    How much as he made from his Twitter deal? He made it illegally, confiscate it all.

    I wasn’t invested in Twitter, but when I heard he was trying to get out of it I bought some stock. I knew he couldn’t get out of the deal because it doesn’t work like that and he’s a dumb ass.

    My only regret was not buying more.

    Next time please also let me know I should do that
    Lose change amount
    That’s assuming they can even get him to pay it.
    Ya for about 10% of that cost the lawyers will keep working hard to contest.
    I don’t know how much he has liquid. The article says that “most” of his 814B is tied up in Tesla stock. Selling a couple of billion worth of stock isn’t trivial.

    I don’t understand why these courts charge a set fine for stuff like this. This is clearly an extremely unique case. The man is 20% to being a trillionaire.

    Or needs to be done is they need to charge a percentage of his profits. Say 20 to 30%?

    Because that’s the law.
    … and the billionaires draft the laws.
    Antonin Scalea capped punative damages
    They should repossess it and place it in the hands of a responsible steward…
    That is the price of new phone for him compared to us…
    He’ll have it back in a month…

    Cool, so when this reaches Appeals court (which is where it’s absolutely going next because they’ll definitely appeal it), that 2.1B$ fine will get knocked down to 10$ and a blowjob (for Elon).

    But hey, the Washington Post or whatever can get a nice little headline out of it where they pretend billionaires face any sort of punishment in this Capitalist hellscape for 5 seconds so that’s nice.

    Drop in a bucket. He should be fined of the money he paid to buy Twitter.