It was revealed in court filings by Twitter that Elon Musk is under investigation by the feds.
They weren’t specific as to which agency is investigating Musk.
Here’s more via Daily Mail:
Elon Musk is being investigated by United States federal authorities in relation to his bid to acquire Twitter.
Lawyers working for the online platform claimed in a court filing unsealed in Delaware on Thursday that Musk is currently under investigation by federal authorities for his conduct as it pertains to his buyout of the popular social media company.
‘Elon Musk is presently under investigation by federal authorities for his conduct in connection with the acquisition of Twitter, wrote attorneys for Potter Anderson Corroon LLP in a filing dated October 6.
The social media company had requested access to documents that Musk has handed over to authorities.
‘Through counsel, he (Musk) has exchanged substantive correspondence with those authorities concerning their investigations,’ wrote the attorneys.
‘Twitter wants those documents, because they bear upon key issues in this litigation.’
According to a Bloomberg report, Twitter is also attempting to gain access to communications between Musk and the Federal Trade Commission.
Earlier in 2022, the US Securities and Exchange Commission sent an inquiry to Musk about the initial disclosure of his major stake in Twitter. The letter was sent in April and the SEC released it in May.
In early April, Musk disclosed he had acquired a more than 9% stake in Twitter. He did so one week later than regulations allow. He also used a filing generally reserved only for passive investors.
Just days later he set off on a highly publicized, but noncommittal, effort to buy the company for $44 billion.
I don’t know if it’s about the late revelation of his acquisition earlier this year or if Biden is sicking the feds on Musk because he seems to support Russian annexation.
Hopefully whatever this is it isn’t a big deal and won’t be an impediment to his purchase of Twitter.