Quote:
Originally Posted by Pedestrian
Could he go to jail? Not likely based on what he has done so far. But very rich people have been known to, often times after losing most of their wealth when their principle businesses went down. We know Musk has a high net worth in the stock of Tesla, SpaceX and so on but those companies don't actually make any money and Musk clearly doesn't want to raise cash through public share offerings that might dilute his holdings and, as a result, his control.
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Trust me, I am fully aware of his issues. I even put my money where my mouth is by buying put options against the stock after it went up 10% based on Musk's fraudulent tweet. I was merely pointing out that even though it was blatantly illegal it's more of a PR issue than a legal one because in the US white collar criminals like Musk virtually never get taken to account. His biggest "risk" is having a mental breakdown at this point or suffering a heart attack from the stress or drug overdose.