elon musk sued for $258 BILLION over alleged $DOGE 'Pyramid Scheme'

[Yulia74]

Johnson v. Musk, Case No. 22-cv-05037, SDNY (Manhattan). Keith Johnson sued Musk and his companies, claiming they engaged in illegal racketeering to raise the price of DOGE.

"Defendants falsely and deceptively claim DOGE is a legal investment when it has no value," according to Johnson's complaint. Johnson wishes to represent DOGE traders who have experienced losses since April of this year.

He seeks $86 billion in damages, plus $172 billion in triple damages, as well as an injunction barring Musk and the companies from marketing DOGE and declaring that the DOGE trade is illegal under US and New York law.

Musk or SpaceX, Tesla, and Tesla's lawyer did not respond to press inquiries about the lawsuit right away. DOGE is down 70% this year and is currently trading at $0.05818. It peaked at 74 cents last year before plummeting.

[theboss4018]

Johnson v. Musk, Case No. 22-cv-05037, SDNY (Manhattan). Keith Johnson sued Musk and his companies, claiming they engaged in illegal racketeering to raise the price of DOGE.

"Defendants falsely and deceptively claim DOGE is a legal investment when it has no value," according to Johnson's complaint. Johnson wishes to represent DOGE traders who have experienced losses since April of this year.

He seeks $86 billion in damages, plus $172 billion in triple damages, as well as an injunction barring Musk and the companies from marketing DOGE and declaring that the DOGE trade is illegal under US and New York law.

Musk or SpaceX, Tesla, and Tesla's lawyer did not respond to press inquiries about the lawsuit right away. DOGE is down 70% this year and is currently trading at $0.05818. It peaked at 74 cents last year before plummeting.

Sue this into who gives a shit!
#saloon

[Crusherrr]

This is nonsense.

DOGE was never meant to be worth more than around a penny. It's main purpose, at least at one point, was to be used as a form of tipping on social media. Instead of "liking" a post, you'd tip 1 DOGE.

With Musk buying Twitter, he will probably implement DOGE into the software so that you can tip with DOGE (providing it "value" and a use case). If anything, I may fire a few K at DOGE in the next few days once this "illegal racketeering" BS blows over and price comes down even more.

[jjgold]

Lol

[SamsNCharge99]

People sueing instead of working

american dream

[SamsNCharge99]

Like hes the first guy in power to advertise a stock pr product

[GunShard]

[Yulia74]

[Mac4Lyfe]

Johnson v. Musk, Case No. 22-cv-05037, SDNY (Manhattan). Keith Johnson sued Musk and his companies, claiming they engaged in illegal racketeering to raise the price of DOGE.

"Defendants falsely and deceptively claim DOGE is a legal investment when it has no value," according to Johnson's complaint. Johnson wishes to represent DOGE traders who have experienced losses since April of this year.

Say what?? I've been holding Doge since 2014. This guy is a dope. Our court system should put people in jail for frivolous lawsuits.

[Optional]

This is nonsense.

DOGE was never meant to be worth more than around a penny. It's main purpose, at least at one point, was to be used as a form of tipping on social media. Instead of "liking" a post, you'd tip 1 DOGE.

With Musk buying Twitter, he will probably implement DOGE into the software so that you can tip with DOGE (providing it "value" and a use case). If anything, I may fire a few K at DOGE in the next few days once this "illegal racketeering" BS blows over and price comes down even more.

Interesting take.

[chase1]

I wonder if the guy that bought 4 million worth of DOGE when it was around 3 cents or so is still holding. I remember him gaining all this publicity on a few podcasts when DOGE got up over .60 and he had gained over $2.5 million. They were pleading with him take profits or at least pull some off the table but he held firm saying he was in for the long haul. Last I heard he had not sold when it was around .30

I need to look him up

[Accrued Interest]

That was definitely a pump and dump. But that stuff is legal nowadays.

[wombat]

How idiotic is this guy. Musk does not own Doge. So what if he tweets about the coin, thousands of people do that every day.

[icon]

Interesting take.

Its actually correct. I remember years ago on Reddit tipping Doge and even back then it was considered a joke (Doge).

[Optional]

Its actually correct. I remember years ago on Reddit tipping Doge and even back then it was considered a joke (Doge).

I met one of the Aussie guys originally involved in creating it as a joke coin and he said it was programmatically doomed to failure for some reason I can no longer recall. So never considered it at all ever. But if what Crussher said comes to fruition maybe worth a small shot now.