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Regulator Sues Musk To Force Testimony In X Probe

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US financial regulators have filed a lawsuit against Elon Musk following the billionaire’s declaration that he will no longer cooperate with their investigation into his acquisition of Twitter, now known as X.

The Securities and Exchange Commission (SEC) petitioned a federal court to compel him to attend a third testimony session regarding the transaction.

The decision to file a lawsuit followed the receipt of a letter from Mr. Musk’s attorney stating that he refused to appear as requested.

There was an accusation of “harassment” against the SEC.

“Government action that is unchecked is hazardous, and the record here is troubling.” Attorney Alex Spiro wrote, “Mr. Musk refuses to acquiesce in the Commission’s incursions and therefore refuses to appear as you demand.”

The most recent dispute between the SEC and Mr. Musk, who previously stated on national television that he had “no respect” for the regulator, is the lawsuit.

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Last year, the SEC investigated Mr. Musk’s $44 billion acquisition of X.

According to the filing in federal court in San Francisco, the agency is investigating whether his 2022 stock purchases before his outright acquisition of the company and his statements regarding those investments violated securities laws.

After being subpoenaed, Mr. Musk participated in two half-days of testimony via video conference in July, according to the SEC. The agency stated that a second session was required because nearly half of the case-related documents it received were received after those meetings.

In a letter to the agency, Elon’s counsel expressed dissatisfaction with the agency’s “unclear reason for further time diverting Mr. Musk from his significant obligations to companies and shareholders…Enough is enough.”

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Mr. Musk and the SEC have earlier engaged in conflict.

By claiming in a tweet that he had “funding secured” to take Tesla, the electric car company he leads, private, he was charged in 2018 with defrauding investors.

Subsequently, he settled with the allegations, relinquishing his position as chairman of the firm’s board and consenting to what was termed a “Twitter sitter”—restrictions on his social media posts concerning the business.

Elon has repeatedly petitioned the court to remove these restrictions, most recently in February.

Separately, this week, a judge in New York ruled that former Twitter investors must file a lawsuit against Mr. Musk, alleging that he defrauded former shareholders by failing to promptly disclose his share purchases. However, a claim of insider trading was dismissed.

SOURCE – (BBC)

Kiara Grace is a staff writer at VORNews, a reputable online publication. Her writing focuses on technology trends, particularly in the realm of consumer electronics and software. With a keen eye for detail and a knack for breaking down complex topics, Kiara delivers insightful analyses that resonate with tech enthusiasts and casual readers alike. Her articles strike a balance between in-depth coverage and accessibility, making them a go-to resource for anyone seeking to stay informed about the latest innovations shaping our digital world.

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Supreme Court Rejects Musk Appeal Over Tweets That Must Be Approved By Tesla

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AP - VOR News Image

WASHINGTON – On Monday, the Supreme Court dismissed Elon Musk’s appeal about a deal with securities authorities. The settlement mandates that Elon obtain prior approval for some tweets related to Tesla, the electric vehicle firm he heads.

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Ad Age – VOR News Image

Supreme Court Rejects Musk Appeal Over Tweets That Must Be Approved By Tesla

The justices refrained from making any comments and upheld the lower court’s findings against Musk. Elon said that the requirement constitutes a “prior restraint” on his expression, which he believes violates the First Amendment.

The case arises from tweets Musk sent in 2018, in which he asserted that he had obtained the necessary funds to privatize Tesla. The tweets significantly increased the company’s stock price and prompted a temporary suspension of trading.

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Insider – VOR News Image

Supreme Court Rejects Musk Appeal Over Tweets That Must Be Approved By Tesla

As part of the agreement with the Securities and Exchange Commission, it was mandated that his tweets must receive prior approval from a legal representative at Tesla. Additionally, it demanded that Elon and Tesla be subjected to monetary penalties for the tweets in which Elon claimed to have “secured funding” to privatize Tesla for $420 per share.

Tesla still needs to obtain the necessary capital to continue to be a publicly-traded company.

The SEC’s initial enforcement action against Elon claimed that his tweets on the privatization of the company violated antifraud provisions of securities laws.

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India Times – VOR News Image

Supreme Court Rejects Musk Appeal Over Tweets That Must Be Approved By Tesla

The agency initiated an investigation in 2021 to determine whether Musk breached the settlement by failing to obtain prior clearance before soliciting his Twitter followers, currently numbering X, for their opinion on whether he should sell 10% of his Tesla shares.

In 2022, Elon purchased Twitter.

SOURCE – (AP)

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Lionel Messi Gets 2 Goals In Front Of Record New England Crowd As Miami Beats Revolution 4-1

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The event will be held in Foxborough, Massachusetts. Lionel Messi netted two goals, captivating a record-breaking crowd of New England Revolution supporters, and propelled Inter Miami CF to a resounding 4-1 triumph on Saturday evening.

Messi impressed the crowd of 65,612 at Gillette Stadium by scoring a goal with his left foot from a long distance inside the penalty area. This was his ninth goal of the season, which occurred in the 68th minute, breaking the 1-all deadlock.

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AP – VOR News Image

Lionel Messi Gets 2 Goals In Front Of Record New England Crowd As Miami Beats Revolution 4-1

Indeed, he also achieved a minor historical milestone. Miami said on social network X that he holds the distinction of becoming the inaugural player in MLS history to contribute 16 goals in the first seven games of a season.

He has been doing it consistently throughout his entire life. “We anticipate this behavior from him,” stated teammate Benjamin Cremaschi, who successfully scored the third goal following Messi’s blocked shot. He effortlessly demonstrates proficiency.” We are pleased to have him on our team. Whenever he is presented with a chance, he seizes it.

The attendance surpassed the previous record of 61,316, set when the LA Galaxy defeated the Revolution in the 2002 MLS championship.

During the first half, he positioned himself a short distance inside the penalty area and successfully scored with a left-footed kick, resulting in a 1-1 tie in the 32nd minute.

“In the first half, following our goal, I believed that we had effectively contained them,” stated Caleb Porter, the coach of New England. “They were not receiving ample opportunities, nor were they being granted sufficient time and freedom to execute their actions.” Messi then demonstrated his typical skill and ability by identifying a weakness or vulnerability.

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AP – VOR News Image

Lionel Messi Gets 2 Goals In Front Of Record New England Crowd As Miami Beats Revolution 4-1

Amidst a match between the top-ranked Miami team in the Eastern Conference and the bottom-ranked Revolution team, the 36-year-old who won the 2022 World Cup scored a goal, resounding cheers reverberating throughout the bleachers.

Cremaschi and Luis Suarez scored goals toward the end of the match for Miami. Messi was attributed with an assist on Suarez’s goal.

In the opening minute, the Revolution took a 1-0 lead as Tomas Chancalay skillfully evaded a defender and executed a shot over the charging netminder, Drake Callender.

Despite the presence of the Celtics and Bruins, both local winter professional teams are now competing in the playoffs. Much of the focus in the sports world this week was around Messi’s arrival.

Hundreds of fans, primarily children, donning the pink Miami Messi shirt, entered the stadium approximately 90 minutes before the match.

Once the stadium was filled, they were readily seen amidst the crowd.

Among the items, a few of the Messi No. 10 Argentina shirts, which featured white and blue stripes, were intermingled among the items.

“I am filled with great enthusiasm,” expressed Stacy Mills, a 31-year-old itinerant healthcare professional from East Tennessee, who was donning one of the Argentina jerseys featuring Messi.” “I have been a follower of his career since playing with Barcelona.”

Her buddy, Caleadia Jessup, 53, a travel nurse from Fayetteville, North Carolina, was equally proud to display her Messi Argentina jersey.

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AP – VOR News Image

Lionel Messi Gets 2 Goals In Front Of Record New England Crowd As Miami Beats Revolution 4-1

“I trailed him during his participation in the World Cup representing his home nation,” she remarked, beaming.

Many children had the opportunity to witness a renowned soccer player at the previous residence of Tom Brady, who is widely regarded as the greatest of all time in the NFL. Brady achieved the impressive feat of winning six Super Bowls with the New England Patriots.

“I have been engaged in playing since my early years.” “The Miami star is my favorite player,” stated Cameron Howell, a 14-year-old from Halifax, Massachusetts.

SOURCE – (AP)

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Ducky Bhai’s Wife Aroob Jatoi AI-Generated Deepfake Videos Goes Viral on Youtube

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Ducky Bhai's Wife Aroob Jatoi AI-Generated Deepfake Videos Goes Viral on YouTube

YouTuber Saadur Rehman – also known as Ducky Bhai – and his wife, Aroob Jatoi, have become embroiled in a distressing situation after a deep fake video involving Aroob circulated online.

Even though AI-generated deepfake videos continue to raise concerns, Aroob Jatoi, wife of top Pakistani YouTuber Ducky Bhai, is the latest celebrity to be targeted.

YouTuber Saadur Rehman, known online as Ducky Bhai, was sharing a deep-fake video of Aroob Jatoi online.

Even though social media users are now accustomed to scandals like this, the viral clip, created using artificial intelligence tools, caused a frenzy.

In response to the deepfake video appearing in searches on X and other platforms, Ducky Bhai took to social media to explain the phenomenon and urge vigilance against cybercrime.

 

View this post on Instagram

 

A post shared by Saad Ur Rehman (@duckybhai)

Known for his roasting and gaming channels, the YouTuber expressed deep dismay at his wife’s dignity degradation.

The couple received support, while some criticized them for broadcasting personal information in their vlogs. Aroob also expressed her concerns and urged action against similar threats.

SEE ALSO: Watch: Hareem Shah gets hit by Another Video Leak Scandal

Ducky Bhai offers Rs1 million to unmask the culprit behind wife Aroob’s deep fake YouTube video

Ducky also offered Rs10lac for information identifying the perpetrator responsible for the leak. Furthermore, he urged the Federal Investigation Agency (FIA) and other concerned officials to take action against individuals and encouraged the public to report fraudulent content.

Ducky Bhai

Ducky, is a popular Pakistani YouTuber known for his humorous content, reactions, and commentary.

He has gained fame for his humorous and sometimes controversial videos, often in response to other content creators or roasts. He entertains millions of fans through his YouTube and other social media platforms with roasting and gaming videos.

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