The $258 billion lawsuit that claimed the price of Dogecoin was purposefully driven up by more than 36,000% over the course of two years by Elon Musk has expanded to six more defendants.
Elon Musk is accused of orchestrating a pyramid scheme to support the cryptocurrency Dogecoin in the $258 billion racketeering lawsuit, which has grown to include six additional defendants as well as his tunnel building company, Boring Co., and seven additional investor plaintiffs.
The price of Dogecoin was purposefully driven up by more than 36,000% over the course of two years, according to an amended complaint that was filed on Tuesday evening in Manhattan federal court by Musk, his electric car company Tesla Inc., his space tourism company SpaceX, Boring, and other parties. Then, the price was allowed to crash.
Despite knowing all along that the currency had no inherent worth and that its value "depended solely on marketing," the defendants "profited tens of billions of dollars" as a ...
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