Investing.com — The Securities and Exchange Commission is preparing more charges against Elon Musk and is also investigating Neuralink, according to a letter from Musk’s lawyers that the Tesla (NASDAQ:) CEO posted on X.
The letter – which was addressed to SEC Chairman Gary Gensler by Musk’s lawyer, Alex Spiro – states that Musk has a 48-hour deadline to accept the cash payment settlement, or face “indictment on numerous counts.”
The letter did not specify the nature of these accusations, but stated that the SEC’s demands came after a several-year investigation.
The letter also showed that the SEC has reopened the investigation into Musk’s Neuralink neurotechnology project. Reports showed in 2023 that some lawmakers asked the SEC to investigate Neuralink over Musk’s claims about the safety of its brain chip.
Musk has a long history with the Securities and Exchange Commission, having paid the agency $20 million in 2018 over his tweets claiming that Tesla would go private, and that he had secured the necessary funding.
Musk faces an investigation over his Twitter acquisition, while lawmakers are also looking into Tesla’s self-driving claims.
The letter described Musk’s history with the agency as “six years of harassment” by the agency. The letter also demanded to know who directed the SEC’s actions against Musk.
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