The SEC's Musk complaint is a 'road map to criminal charges,' says NYT reporter behind explosive interview

The SEC's Musk complaint is a 'road map to criminal charges,' says NYT reporter behind explosive interview

6 years ago
Anonymous $oIHRkISgaL

https://www.cnbc.com/2018/09/28/sec-elon-musk-complaint-a-road-map-to-criminal-charges-nyts-jim-stewart.html

The SEC's complaint of fraud against Tesla CEO Elon Musk is a "road map to criminal charges," said Jim Stewart, The New York Times reporter behind an explosive interview with the billionaire tech executive.

"[The complaint] says over and over again. It talks about the [short sellers] and the implied motive that he wanted to punish the shorts, which would be a manipulation," Stewart, also a CNBC contributor, told "Squawk on the Street" Friday. "It doesn't matter in a SEC case what his motive is. That goes only to criminal intent, where the bar is higher. And it seems to me they put that warning in, saying you know, 'You think this is bad, well look where this could go.'"

The SEC's Musk complaint is a 'road map to criminal charges,' says NYT reporter behind explosive interview

Sep 28, 2018, 3:18pm UTC
https://www.cnbc.com/2018/09/28/sec-elon-musk-complaint-a-road-map-to-criminal-charges-nyts-jim-stewart.html > The SEC's complaint of fraud against Tesla CEO Elon Musk is a "road map to criminal charges," said Jim Stewart, The New York Times reporter behind an explosive interview with the billionaire tech executive. > "[The complaint] says over and over again. It talks about the [short sellers] and the implied motive that he wanted to punish the shorts, which would be a manipulation," Stewart, also a CNBC contributor, told "Squawk on the Street" Friday. "It doesn't matter in a SEC case what his motive is. That goes only to criminal intent, where the bar is higher. And it seems to me they put that warning in, saying you know, 'You think this is bad, well look where this could go.'"