Elon Musk
Is Sued For
$258 Billion
Tesla and SpaceX CEO
Elon Musk
is being sued for
$258 billion.
by a Dogecoin investor
"
The investor blames him for running a fraudulent business model to help the cryptocurrency.
In a complaint filed in The US court in Manhattan on Thursday, offended party
Keith Johnson
charged Musk -
of racketeering for promoting Dogecoin and driving up its value, just to then
allow the cost to fall.
Johnson is looking for $86 billion in penalties, addressing the decrease in Dogecoin's reasonable worth since May 2021, and needs it tripled.
Tesla, SpaceX and a legal counselor for Musk didn't quickly answer demands for comment.
The complaint
The complaint
“
“
Defendants were aware since 2019 that Dogecoin had no value yet promoted Dogecoin to profit from its trading."
Defendants were aware since 2019 that Dogecoin had no value yet promoted Dogecoin to profit from its trading."
Musk used his pedestal as World's Richest man to operate and manipulate the Dogecoin Pyramid Scheme for profit, exposure and amusement".
“
The complaint
He wants to block Musk and his organizations from advancing Dogecoin and...
an appointed authority to proclaim that exchanging
Dogecoin is betting under federal and New York law.
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