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  • Justice Dept warns Musk’s super PAC over million dollar giveaways, CNN reports

Justice Dept warns Musk’s super PAC over million dollar giveaways, CNN reports

Market Spectator October 23, 2024

WASHINGTON (Reuters) – The U.S. Justice Department has sent a letter to Elon Musk’s super PAC warning that the billionaire Tesla CEO’s $1 million giveaways may violate federal law, CNN reported on Wednesday, citing people briefed on the matter.

A letter from the department’s public integrity section, which investigates potential election-related law violations, went to the PAC, according to CNN.

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

South African-born Musk, who has thrown his support behind Republican presidential candidate Donald Trump ahead of the Nov. 5 election, announced on Saturday while speaking before a crowd in Pennsylvania that he was giving away $1 million each day until Election Day to someone who signs his online petition supporting the U.S. Constitution.

He handed $1 million checks to two separate people over the weekend – one to a man in Harrisburg on Saturday and another to a women in Pittsburg on Sunday.

Musk, ranked by Forbes as the world’s richest person, so far has supplied at least $75 million to America PAC, according to federal disclosures, making the group a crucial part of Trump’s bid to regain the White House.

(Reporting by Jasper Ward and Alexandra Ulmer; Additional reporting credit for Sarah N. Lynch; Editing by Marguerita Choy)

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