Elon Musk Files to New York Court to Dismiss $258 Billion Class Action Lawsuit for Defrauding & Promoting Dogecoin Pyramid Scheme
1st April 2023 | Hong Kong
Elon Musk has filed to a New York court (Manhattan federal court) to dismiss the $258 billion class action lawsuit for defrauding & promoting Dogecoin pyramid scheme. The defence submitted by his lawyers include “there is nothing unlawful about tweeting words of support” and “Dogecoin does not qualify as a security.” The case is Johnson et al v. Musk et al, U.S. District Court, Southern District of New York, No. 22-05037. In 2022 June, Elon Musk, Tesla & SpaceX received a $258 billion class action lawsuit for defrauding & promoting Dogecoin pyramid scheme. In the filing by American citizen Keith Johnson in a federal Manhattan court (New York, United States), the class action lawsuit seeks $258 billion in total damages, an order blocking Elon Musk & companies from promoting Dogecoin, and declaring Dogecoin trading as gambling under United States & New York law. More info below.
“ Elon Musk Files to New York Court to Dismiss $258 Billion Class Action Lawsuit for Defrauding & Promoting Dogecoin Pyramid Scheme “
Elon Musk, Tesla & SpaceX Receive $258 Billion Class Action Lawsuit for Defrauding & Promoting Dogecoin Pyramid Scheme
17th June 2022 – Elon Musk, Tesla & SpaceX have received a $258 billion class action lawsuit for defrauding & promoting Dogecoin pyramid scheme. In the filing by American citizen Keith Johnson in a federal Manhattan court (New York, United States), the class action lawsuit seeks $258 billion in total damages, an order blocking Elon Musk & companies from promoting Dogecoin, and declaring Dogecoin trading as gambling under United States & New York law. In the filing: “Dogecoin is not a currency, stock, or security. It’s not backed by gold, other precious metal, or anything at all. You can’t eat it, grow it, or wear it … … It doesn’t pay interest or dividend. It has no unique utility compared to other cryptocurrencies … … It’s not secured by a government or private entity. It’s simply a fraud whereby ‘greater fools’ are deceived into buying the coin at a higher price.”
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