Elon Musk, Tesla, SpaceX Sued By Dogecoin Investor For $258 Billion In Connection With Alleged 'Dogecoin Pyramid Scheme'

Elon Musk’s love affair with tweeting about meme cryptocurrency Dogecoin may be coming back to bite the prospective Twitter owner.

Johnson filed the suit Thursday in the Southern District of New York and is seeking class-action status. At its peak in May 2021, Dogecoin was worth $0.73 USD. This high mark coincided with Musk’s appearance on, and the coin tumbled almost immediately after. Musk infamously referred to Dogecoin as “a hustle” during a “Weekend Update’ sketch on the episode he hosted on May 8, 2021 while portraying a fictitious financial expert.”host, the price of Dogecoin lost more than half of its value. As of Thursday, Dogecoin’s current value sits at $0.056 USD.

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Elon Musk, Tesla, SpaceX are sued for alleged dogecoin pyramid schemeKeith Johnson, “an American citizen who was defrauded out of money by defendants’ Dogecoin Crypto Pyramid Scheme,” sued Musk and his companies, claiming they constitute an illegal racketeering ente…
Source: mercnews - 🏆 88. / 68 Read more »

Dogecoin investor sues Elon Musk, Tesla, SpaceX for $258 billion, claiming 'pyramid scheme''It's simply a fraud': A lawsuit seeking a whopping $258 billion in damages accuses Elon Musk and two of his companies of illegally pumping the price of dogecoin. Lol Sounds legit I think I am going to start suing EVERYONE that says ANYTHING positive about ANYTHING....cause....you know...they are experts in everything they talk about and I take their expert advice instead of BEING A GROWN UP AND MAKING MY OWN MIND UP!!
Source: MarketWatch - 🏆 3. / 97 Read more »