A jury has found Elon Musk liable for misleading investors by deliberately driving down Twitter’s stock price in the tumultuous months leading up to his 2022 acquisition of the social media company for $44 billion. But it absolved him of some fraud allegations, finding that he did not “scheme” to mislead investors.
Fines are not assessed that way.
Some are, but they often have maximum caps.
So for a UK speeding fine he’d get a £1000, but if it’s wasn’t capped it would be somewhere in the region of 340 million.
Finland has similar thing, but it is not capped. There’s a ton of 100 000+€ fines given around here. Obviously with Musk it would be a bit different, since the fine is based on actual income, not some imaginary monopoly money on the stock market.
Why would any such fines be capped, unless the entire point is to effectively legalise crime for the ultra rich?
You sound surprised?
More chagrined than anything else. Having dual citizenship with US and UK is like having one foot in the grave and another foot in the toilet sometimes.
…not assessed what way?
Disclaimer: I know you’re probably only trolling, but I’ll answer anyway:
…not assessed in a way to be of sufficient size to not just be considered a cost of doing business. In other words, pricey enough to take away the incentive to not only take away the profit but to also deal a significant blow to the wealth of the richest person on earth.
Percentage of profit accrued from the offense. They are static values.