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.
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.”
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 ).