NEW YORK — Elon Musk was sued for $258 billion on Thursday by a Dogecoin investor who accused him of running a pyramid scheme to support the cryptocurrency.
In a complaint filed in federal court in Manhattan, plaintiff Keith Johnson accused Musk, electric car company Tesla and space tourism company SpaceX of racketeering for touting Dogecoin and driving up its price, only to then let the price tumble.“Defendants were aware since 2019 that Dogecoin had no value yet promoted Dogecoin to profit from its trading,” the complaint said.
Johnson is seeking $86 billion in damages, representing the decline in Dogecoin’s market value since May 2021, and wants it tripled.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Elon Musk, Tesla, Spacex Facing $258 Billion Lawsuit for Promoting Dogecoin – Featured Bitcoin NewsElon Musk and Tesla 'falsely and deceptively claim that dogecoin is a legitimate investment when it has no value at all,' the lawsuit states. $DOGE crypto cryptocurrency
Weiterlesen »
Tesla CEO Elon Musk accused of Dogecoin Ponzi schemeThe complainant alleges Musk's tweets and public messaging drove a significant price spike in DOGE and encouraged people to invest.
Weiterlesen »
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…
Weiterlesen »
Elon Musk Facing $258 Billion Lawsuit for Promoting DogecoinElon Musk has been hit with a massive lawsuit over his Dogecoin promotion
Weiterlesen »
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.
Weiterlesen »
Elon Musk gets hit with ‘ridiculous’ $258B Dogecoin lawsuitElon Musk has been dragged into a bizarre class-action lawsuit that’s demanding damages of $258 billion from the ‘former CEO of Dogecoin.’ Shibetoshi Nakamoto voiced the thoughts of many when he called the lawsuit “stupid as f—.'
Weiterlesen »