{"id":12834,"date":"2022-06-17T19:40:12","date_gmt":"2022-06-17T19:40:12","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/lawsuit-filed-against-elon-musk-spacex-tesla-over-dogecoin\/"},"modified":"2022-06-17T19:40:12","modified_gmt":"2022-06-17T19:40:12","slug":"lawsuit-filed-against-elon-musk-spacex-tesla-over-dogecoin","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/lawsuit-filed-against-elon-musk-spacex-tesla-over-dogecoin\/","title":{"rendered":"Lawsuit Filed Against Elon Musk, Spacex, Tesla Over Dogecoin"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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Elon Musk, Tesla, and Spacex have been taken to court for $258 billion over claims that they \u201care engaged in a crypto Ponzi scheme by way of Dogecoin cryptocurrency.\u201d Musk and his companies allegedly \u201cfalsely and deceptively claim that dogecoin is a legitimate investment when it has no value at all.\u201d<\/p>\n

On Thursday Bloomberg reported that a class-action lawsuit was filed by Dogecoin investor Keith Johnson against Elon Musk and his businesses, Tesla and Spacex, in federal court in Manhattan.<\/p>\n

The complaint states:<\/p>\n

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\u201cDefendants Elon Musk, Spacex, and Tesla Inc. are engaged in a crypto pyramid scheme (aka Ponzi scheme) by way of dogecoin cryptocurrency.<\/p>\n

Furthermore, the plaintiff says that DOGE is \u201csimply a fraud whereby \u2018greater fools\u2019 are deceived into buying the coin at a higher price.\u201d<\/p>\n<\/blockquote>\n

According to the court document, Johnson is an American citizen who said he was \u201cdefrauded out of money by defendants\u2019 dogecoin crypto pyramid scheme.\u201d He claimed that Musk, Tesla, and Spacex constitute an illegal racketeering enterprise to inflate dogecoin\u2019s price.<\/p>\n

The court documents read that Johnson was \u201cdefrauded out of money by defendants\u2019 Dogecoin crypto pyramid scheme,\u201d claiming that Musk, Tesla, and Spacex tried to illegally spike Dogecoin\u2019s price<\/p>\n

The complaint details:<\/p>\n

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\u201cDefendants falsely and deceptively claim that dogecoin is a legitimate investment when it has no value at all.<\/p>\n

Since defendant Musk and his corporations Spacex and Tesla Inc. began purchasing, developing, promoting, supporting, and operating dogecoin in 2019, [the] plaintiff and the class have lost approximately $86 billion in this crypto pyramid scheme.\u201d<\/p>\n<\/blockquote>\n

The Tesla CEO has open about his support of Dogecoin on Twitter. The self-proclaimed \u2018Dogefather<\/a>\u2019 has referred to the meme coin as the people\u2019s crypto and several times DOGE surged following Elon Musk\u2019s public involvements<\/a>.<\/p>\n

While Tesla already accepts DOGE for payments<\/a> of certain merchandise, Musk recently said<\/a> that Spacex will also be supporting the meme cryptocurrency for merchandise and Starlink subscriptions.<\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) Elon Musk, Tesla, and Spacex have been taken to court for $258 billion over claims that they \u201care engaged in a crypto Ponzi scheme by way of Dogecoin cryptocurrency.\u201d Musk and his companies allegedly \u201cfalsely and deceptively claim that dogecoin is a legitimate investment when it […]<\/p>\n","protected":false},"author":5,"featured_media":12835,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/12834"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=12834"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/12834\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/12835"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=12834"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=12834"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=12834"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}