Tesla Inc (TSLA)

[Scumbag Fraudsters]

DOJ is investigating Elmo's Tesla perks

US prosecutors are looking at perks Tesla may have offered Elon Musk, including a proposed glass house, as part of a criminal investigation.

The sweeping probe by Manhattan federal prosecutors into Tesla’s use of company funds suggest they are pursuing potential criminal charges.

According to the Wall Street Journal, the US Attorney’s Office for the Southern District of New York is closely examining personal benefits the electric carmaker may have given its chief executive.

Musk, the richest man in the world, famously does not draw a cash salary from Tesla but is compensated in stock options.

But prosecutors are investigating whether Tesla properly disclosed any perks Musk might have received in his role, according to the Wall Street Journal.

The investigation includes a proposed house for the billionaire known as “Project 42”.

Plans for the structure suggested it would be “an expansive glass building” near Tesla’s Austin-based headquarters, the Wall Street Journal reported.

Musk has stated there is no glass house “built, under construction or planned”, joking “metaphors don’t count”.

A separate civil investigation into the project is also underway, the Wall Street Journal reported.

Federal regulations require perks or personal benefits for company executives exceeding $10,000 to be disclosed.

Things like housing allowances, planes, tuition fees for offspring can all be considered personal benefits.

Company transactions above $120,000 in which an executive has a material interest must also be reported.

FULL STORY: https://is.gd/bKz1lc