Economic news

Musk due in court as $1 million voter giveaway faces courtroom test

2024.10.31 06:50

By Jack Queen

PHILADELPHIA (Reuters) – Elon Musk has been ordered to attend a Thursday hearing in a prosecutor’s lawsuit to block the billionaire’s $1 million-a-day giveaway to registered swing state voters ahead of the U.S. election on Nov. 5.

The hearing before Judge Angelo Foglietta concerns Philadelphia District Attorney Larry Krasner’s bid to halt the giveaway less than a week before the tightly contested U.S. presidential election between Republican former president Donald Trump and Democratic Vice President Kamala Harris. 

Krasner, who championed progressive causes when running for district attorney, accuses Tesla (NASDAQ:) CEO Musk, a Trump supporter, and his political action committee America PAC of hatching an “illegal lottery scheme to influence voters.”

Musk promised to give $1 million a day to randomly selected people who signed a petition pledging support for free speech and gun rights. Signatories were required to be registered voters in one of seven states that will likely decide the outcome of the Nov. 5 election – Arizona, Georgia, Michigan, Nevada, North Carolina, Pennsylvania and Wisconsin. 

Musk gave away the first $1 million to an attendee of an Oct. 19 rally hosted by America PAC in Harrisburg, Pennsylvania.

Krasner’s Oct. 28 lawsuit alleges the giveaway amounts to an illegal lottery unsanctioned by the state, which has sole authority to run and regulate them. The suit also says it violates consumer protection laws by “deploying deceptive, vague or misleading statements” about its rules. 

“Running an illegal lottery and violating consumer protections is ample basis for an injunction and concluding that America PAC and Musk must be stopped, immediately, before the upcoming Presidential Election on November 5,” the suit said. 

Musk and America PAC’s lawyers did not immediately respond to a request for comment. 

Some legal experts have said Musk’s giveaway could also potentially violate federal laws against paying people to vote or register to vote. Others say he is in the clear because people are only required to sign a petition to enter. 

Krasner’s lawsuit was brought in a Pennsylvania state court and does not allege the giveaway violates federal law. 

The U.S. Department of Justice warned America PAC the giveaway could violate federal law, multiple news outlets reported last week, although federal prosecutors have not taken any action publicly. 

Musk, ranked by Forbes as the world’s richest person, has so far given nearly $120 million to America PAC, according to federal disclosures, making the group a crucial part of Trump’s bid to regain the White House.

© Reuters. FILE PHOTO: Elon Musk, Chief Executive Officer of SpaceX and Tesla and owner of X looks on during the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024.  REUTERS/David Swanson/File Photo

The entrepreneur has increasingly supported Republican causes and this year became an outspoken Trump supporter.

Trump in turn has said that if elected, he would appoint Musk to head a government efficiency commission.



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 98,367.36 0.50%
ethereum
Ethereum (ETH) $ 3,429.48 2.62%
tether
Tether (USDT) $ 1.00 0.01%
solana
Solana (SOL) $ 258.32 0.55%
bnb
BNB (BNB) $ 659.36 2.54%
xrp
XRP (XRP) $ 1.48 5.89%
dogecoin
Dogecoin (DOGE) $ 0.44389 3.49%
usd-coin
USDC (USDC) $ 1.00 0.05%
cardano
Cardano (ADA) $ 1.08 1.11%
staked-ether
Lido Staked Ether (STETH) $ 3,428.64 2.63%
tron
TRON (TRX) $ 0.215457 4.13%
stellar
Stellar (XLM) $ 0.605807 37.32%
avalanche-2
Avalanche (AVAX) $ 42.51 2.53%
the-open-network
Toncoin (TON) $ 6.42 15.74%
shiba-inu
Shiba Inu (SHIB) $ 0.000027 0.16%
wrapped-steth
Wrapped stETH (WSTETH) $ 4,057.13 2.49%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 98,141.29 0.67%
polkadot
Polkadot (DOT) $ 9.37 31.63%
chainlink
Chainlink (LINK) $ 18.10 8.61%
bitcoin-cash
Bitcoin Cash (BCH) $ 519.63 4.05%
sui
Sui (SUI) $ 3.52 0.10%
weth
WETH (WETH) $ 3,433.26 2.71%
pepe
Pepe (PEPE) $ 0.000021 2.36%
leo-token
LEO Token (LEO) $ 8.62 1.20%
near
NEAR Protocol (NEAR) $ 6.44 4.66%
litecoin
Litecoin (LTC) $ 102.05 0.97%
aptos
Aptos (APT) $ 13.24 5.63%
uniswap
Uniswap (UNI) $ 10.97 8.19%
wrapped-eeth
Wrapped eETH (WEETH) $ 3,614.36 2.68%
hedera-hashgraph
Hedera (HBAR) $ 0.154514 2.63%
internet-computer
Internet Computer (ICP) $ 12.05 9.42%
crypto-com-chain
Cronos (CRO) $ 0.199858 5.20%
usds
USDS (USDS) $ 1.00 0.05%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.589934 12.73%
ethereum-classic
Ethereum Classic (ETC) $ 30.27 3.51%
render-token
Render (RENDER) $ 7.97 4.71%
bittensor
Bittensor (TAO) $ 541.80 3.79%
kaspa
Kaspa (KAS) $ 0.155562 0.51%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.47 12.46%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.10%
cosmos
Cosmos Hub (ATOM) $ 9.40 20.69%
bonk
Bonk (BONK) $ 0.000049 0.81%
arbitrum
Arbitrum (ARB) $ 0.889454 9.52%
filecoin
Filecoin (FIL) $ 6.06 22.97%
whitebit
WhiteBIT Coin (WBT) $ 24.77 0.40%
vechain
VeChain (VET) $ 0.044079 11.80%
dai
Dai (DAI) $ 1.00 0.12%
dogwifcoin
dogwifhat (WIF) $ 3.37 4.55%
mantra-dao
MANTRA (OM) $ 3.72 4.39%
celestia
Celestia (TIA) $ 7.74 31.50%