Elon Musk is being sued for 258 billion USD for reportedly using a dogecoin Ponzi scheme to defraud investors

Elon Musk is being sued for 258 billion USD for reportedly using a dogecoin Ponzi scheme to defraud investors

A $258 bn lawsuit has been filed against Elon Musk, SpaceX, and Tesla Inc. for reportedly misleading investors in a Dogecoin “pyramid scheme.”

In Manhattan, New York, a man by the name of Keith Johnson reportedly filed a lawsuit on behalf of numerous other individuals who have suffered revenue buying in Dogecoin since April 2019.

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He asserts that Musk “wrongfully and fraudulently represent the Dogecoin is a respectable commodity if it has no significance at all” and that he was “deceived out of money by plaintiffs’ Dogecoin Crypto Pyramid Scheme.”

Elon Musk is being sued for 258 billion USD for reportedly using a dogecoin Ponzi scheme to defraud investors.

A client is now requesting a search warrant prohibiting Musk, SpaceX, and Tesla Inc. from supporting Dogecoin and asserting that selling Dogecoin is illegal under New York and US law, including $86 billion USD in losses plus money damages of $172 billion USD. (Read also: The Insane Special Phone From Tesla Is A Game-Changer ).