The plaintiff claims that Dogecoin is a Ponzi scheme
has been slapped with a $258 billion class-action lawsuit over his Dogecoin promotion, which was filed in Manhattan's federal court earlier today.
Musk, the self-appointed “Dogefather, as well as Tesla and SpaceX have been accused of engaging in “a crypto pyramid scheme.” Johnson claims that Dogecoin is a just a fraud designed for greater fools. Johnson claims that Musk falsely stated that Dogecoin is money while encouraging his audience to buy the cryptocurrency.
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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
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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.
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Elon Musk, Tesla, SpaceX are sued for alleged dogecoin pyramid schemeKeith 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…
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