Elon Musk and his companies SpaceX and Tesla were sued this Thursday by the businessman and an investor seeking $258,000 million in damages from both companies for believing they were victims of an alleged pyramid scheme to support the Dogecoin cryptocurrency.

Keith Johnson was portrayed in the lawsuit as “a US citizen who was defrauded by the Dogecoin crypto pyramid scheme.” condemned To Musk and his companies. Likewise, he claimed that they formed an illegal organized crime company to inflate the price of Dogecoin.

This digital currency was around $0.056 at noon today, and its highest value was reached on May 7, 2021 at $0.722. Money Desk.

Fraud lawsuit against Musk

Johnson, who judges the billionaire as an individual and on behalf of all other people in “similar circumstances.” The same who have lost money by investing in Dogecoin since April 2019. It also seeks “compensatory damages” of $86,000 million. In addition to more than $172,000 million in punitive damages to punish the defendants and deter such behavior in the future.

Additionally, the text calls for an order preventing Musk and companies from promoting Dogecoin.

Neither Musk nor the two companies made any statements on the subject.