Keith 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…
Elon Musk, SpaceX and Tesla Inc. were sued for $258 billion over claims they are part of a racketeering scheme to back the cryptocurrency Dogecoin.
Keith 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 enterprise to inflate Dogecoin’s price. “Defendants falsely and deceptively claim that Dogecoin is a legitimate investment when it has no value at all,” Johnson said in his complaint, filed Thursday in federal court in Manhattan.
Johnson is seeking to represent a class of people who have lost money trading in Dogecoin since April 2019. He is asking for $86 billion in damages, plus triple damages of $172 billion, as well as an order blocking Musk and the companies from promoting Dogecoin, and declaring that Dogecoin trading constitutes gambling under US and New York law.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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
Read more »
SpaceX employees say Elon Musk is an 'embarrassment' as he waffles on work-from-home | EngadgetElon Musk has told Twitter staff they can still work from home if they're 'excellent' at their jobs, but SpaceX staff aren't happy with his behavior..
Read more »
Elon Musk Shares The Fundamental Value of Tesla & Why He Added AutopilotElon Musk recently shared what he thinks is the fundamental value of Tesla in an interview with the Tesla Owners of Silicon Valley
Read more »
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.
Read more »
Musk: SpaceX will have Starship rocket ready for test by next monthResponding to a tweet, SpaceX founder Elon Musk announced Tuesday that his company would have a Starship rocket ready for an orbital test flight by next month.
Read more »
Elon Musk says Starship will be 'ready to fly' into Earth orbit next monthElon Musk has announced that SpaceX's Starship will make its first flight into orbit in July of this year. And this means the wait is nearly over.
Read more »