Jail for Jack Dorsey?

Elon Musk could face incarceration if he loses his case

• Twitter has hired a legal team to attempt to force him to complete the transaction as earlier agreed upon, and if Musk refuses to obey a court order to proceed with the acquisition.
• If Twitter has been lying about the prevalence of bots in its traffic since its IPO in 2013, that would constitute securities fraud and could land Dorsey and other executives at Twitter in prison.
   
   Appearing on Media Buzz with Howie Kurtz on Fox News to discuss Elon Musk's refusal to move forward with his acquisition of Twitter, Fox Business Network correspondent Charles Gasparino mentioned the f-word: fraud.
  
  Stating that if Musk's contention is correct, that Twitter has been lying about the prevalence of bots in its traffic since its IPO in 2013, that would constitute securities fraud, and could land Jack Dorsey and other executives at Twitter in prison.
  
  On the other hand, Musk could face incarceration if he loses his case now that Twitter has hired a legal team to attempt to force him to complete the transaction as earlier agreed upon, and if Musk refuses to obey a court order to proceed with the acquisition.
  
  "Here's what I will say, Howie. That this is a huge, huge story because if Elon Musk is right, if Twitter since its IPO in 2013 has been lying about its bots, you know, those fake accounts, that it's not 5% or less. If they've been putting out public statements of that nature that are lies man, that's called securities fraud," said Gasparino.
  
  "That means jack Dorsey and all the other guys that are running, have run Twitter can go to jail."
  
  "IF that can be proven," Howard Kurtz emphasized.
  
  Gasparino acknowledges that disputes like this often end in a negotiated settlement between the two parties, with jail not an issue.
  

 

https://www.americanthinker.com/blog/2022/07/jail_for_jack_dorsey_.html