Elon Musk sued for $258 billion over Dogecoin Pyramid Scheme

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Thereby causing tremendous increase in the value of the coin. Also the tech billionaire is self associated as ‘Doge father’.

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A Dogecoin investor had sued Musk for around $258 billion for accusing him on running a pyramid scheme for supporting the cryptocurrency.

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Elon Musk, who is the CEO of the electric car company Tesla Inc and space tourism company SpaceX was accused by Keith Johnson of racketeering for touting Dogecoin.

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We have found that every time Musk has promoted the meme-coin being named as ‘Elon Musk Cryptocurrency’ and has affected it’s price rise instantaneously.

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Dogecoin was not having value but still got promoted and the complaint further mentioned that “Dogecoin to profit from its trading”.

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Complaint further added that Musk uses his post of World’s Richest man for operating and manipulating Dogecoin Pyramid Scheme for amusement, profit and exposure.

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Elon Musk sued for $258 billion over Dogecoin Pyramid Scheme

Image Credit goes to owner

Image Credit goes to owner

Musk has promoted each time the meme-coin and has affected the price of the coin positively. He has been the biggest supporter of cryptocurrency Dogecoin.

Thereby causing tremendous increase in the value of the coin. Also the tech billionaire is self associated as ‘Doge father’.

Image Credit goes to owner

A Dogecoin investor had sued Musk for around $258 billion for accusing him on running a pyramid scheme for supporting the cryptocurrency.

Image Credit goes to owner

Elon Musk, who is the CEO of the electric car company Tesla Inc and space tourism company SpaceX was accused by Keith Johnson of racketeering for touting Dogecoin.

Image Credit goes to owner

We have found that every time Musk has promoted the meme-coin being named as ‘Elon Musk Cryptocurrency’ and has affected it’s price rise instantaneously.

Image Credit goes to owner

Dogecoin was not having value but still got promoted and the complaint further mentioned that “Dogecoin to profit from its trading”.

Image Credit goes to owner

Complaint further added that Musk uses his post of World’s Richest man for operating and manipulating Dogecoin Pyramid Scheme for amusement, profit and exposure.

Image Credit goes to owner