Elon Musk Has Been Sued in a
Lawsuit for $258 billion by a Dogecoin investor who claims Musk ran a pyramid scheme to support the cryptocurrency.
Dogecoin Investor Keith Johnson
Complained that Musk committed racketeering by pumping dogecoin's price up and then letting it fall to the lowest ever.
Musk manipulated Dogecoin for his own pockets by promoting the crypto in the complaint.
He Said In The Complaint
“Musk used his pedestal as World’s Richest man to operate and manipulate the Dogecoin Pyramid Scheme for profit, exposure, and amusement.”
Johnson Wants Musk to Pay
The $86 billion in damages from losses in Dogecoin’s value since May 2021 but wants the amount tripled.
He Is Also Seeking
A potential provision that would restrict Musk or any of his companies from promoting Dogecoin.
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