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

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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