Billionaire Elon Musk Is ‘Presently’ Under Federal Investigation
A new legal filing says so, but many details are unknown.
ALL IMAGES CREDIT: GOOGLE
The filing said Musk is "currently under investigation by federal authorities for his conduct in connection with the Twitter purchase."
However, it was not stated in which part of the takeover is being investigated.
Financial analysts believe the investigation dates all the way back to January 2022.
Musk then began quietly buying shares in the company, but didn't reveal it until April.
Musk was required to publicly disclose his stake in the company when he reached 5%, but he did not.
Some analysts suspect he has not disclosed his interest in continuing to buy shares at a likely lower price.
Musk has until October 28 to make his claim on Twitter before a new trial date i
s set for November.