Investor Sues Elon Musk, Tesla and SpaceX for $258,000,000,000 Over Alleged ‘Dogecoin Pyramid Scheme’

Investor Sues Elon Musk, Tesla and SpaceX for $258,000,000,000 Over Alleged ‘Dogecoin Pyramid Scheme’


A disgruntled investor is suing Elon Musk and his companies Tesla and SpaceX for a whopping $258 billion, claiming they propped up a “crypto pyramid scheme” with their support for Dogecoin (DOGE).

Keith Johnson, the plaintiff, argues that DOGE is “simply a fraud whereby ‘greater fools’ are deceived into buying the coin at a higher price,” according to court documents filed with the US District Court in the Southern District of New York.

Johnson is asking the court to certify the case as a class-action lawsuit and is seeking $86 billion in damages for the class, plus treble damages of $172 billion.

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He argues Musk and his companies’ “unethical, torturous and criminal conduct” promoting DOGE caused investors to sink billions of dollars into the crypto

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