THELOGICALINDIAN - A annoyed broker is ambitiously suing the worlds richest man for added money than he has
A accusation has been brought adjoin Elon Musk, Tesla and SpaceX for accommodating in the advance of Dogecoin, which the accuser claims is a pyramid scheme.
A “Crypto Pyramid Scheme”
Elon Musk and his companies are actuality sued for announcement Dogecoin.
According to Bloomberg, the chic activity accusation is brought to them by Keith Johnson, an American aborigine who claims to accept been “defrauded out of money by [Musk’s] Crypto Pyramid Scheme.” Johnson seeks a admirable absolute of $258 billion in damages. The case was filed today in the Southern District of New York.
The clothing apropos Musk and his two flagship companies, SpaceX and Tesla. Johnson claims they were allotment of an actionable racketeering arrangement that aimed to aerate Dogecoin’s price. “Defendants falsely and deceptively affirmation that Dogecoin is a accepted advance back it has no amount at all,” Johnson said in the complaint.
Elon Musk became the richest man in the apple in 2021; his net account is currently estimated at $202 billion. The aberrant entrepreneur’s tweets were a major driver abaft Dogecoin’s brief acceleration aftermost year. The bread accomplished its best aerial about the time Musk committed an entire sketch to it on Saturday Night Live.
Johnson aims to represent a chic of bazaar participants accepting absent money on the abominable cryptocurrency. He is allurement for $86 billion in amercement in accession to acute amercement of $172 billion. Moreover, he wishes for Dogecoin trading to be declared bank beneath New York law, and for Musk and his companies to be banned from announcement the bread anytime again.
Despite audibly advocating for the coin, neither Musk nor his companies are accepted to accept had any captivation in its development. Dogecoin was created in 2013 by software engineers Billy Markus and Jackson Palmer; it was the aboriginal “meme coin” anytime released, acceptation that it agilely had no use case and was advertised as such. Dogecoin is currently trading at about $0.05, a 92% bead from its best aerial of 73 cents.
Disclosure: At the time of writing, the columnist of this allotment endemic ETH and several added cryptocurrencies.
