Elon Musk To Reimburse Investors Sum Of $86 Billion, Plus Pay Double That In Damages — An Additional $172 Billion.
Elon Musk, a centibillionaire, and CEO of Tesla and SpaceX had filed $258 billion for promoting Dogecoin which lead to the loss of a huge amount of money by the investors.
Keith Johnson who claims to be one of the investors says he lost money after investing in dogecoin and described himself as an “American citizen who was defrauded” by what he called a “Dogecoin Crypto Pyramid Scheme.”
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He is asking for his motion, filed in a New York court, to be classified as a class-action suit on behalf of those who have suffered losses by investing in dogecoin since 2019.
Since the inception of Dogecoin’s promotion by Musk, investors have lost almost $86 billion according to...