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Elon Musk Faces $258B Lawsuit For Alleged Dogecoin 'Pyramid Scheme'

The world’s richest man is back at it again with another lawsuit. Elon Musk has been sued for $258 billion for his alleged involvement in defrauding investors during a Dogecoin pyramid scheme. Fortune reports that the tech mogul has been sued by American citizen Keith Johnson “who was defrauded out of money by defendants’ Dogecoin Crypto Pyramid Scheme.” The defendants include Musk and his Tesla company as well as his SpaceX corporation. Johnson will represent not only himself but a group of investors who suffered similar losses due to Dogecoin trading that stems back to 2019.

Shanique Yates

Jun 17, 2022

Elon Musk Says He’ll Eat A Happy Meal If McDonald’s Accepts Dogecoin

Does Elon Musk want the little kiddie toy, too? The real-life Marvel villain — who would like to implant microchips in humans’ brains sometime this year — has promised to eat a Happy Meal if McDonald’s will accept Dogecoin as payment. And, as is typical of him, Musk promised to eat the kiddie treat live on national television (Do you suppose he likes the hamburgers or the Chicken Nuggets? And will he want sliced apples or French fries?) According to Business Insider, Elon Musk made this declaration after McDonald’s announced its huge crypto selloff. Further speculation about McDonald’s willingness to accept Dogecoin sprouted up when Shibetoshi Nakamoto, the creator of Dogecoin, tweeted at McDonald’s, and the company responded by posting a photo of a Shiba Inu eating a French fry. — McDonald's (@McDonalds) January 19, 2022 As devotees of Elon Musk are aware, the Tesla CEO and founder is a huge proponent of the digital coin. And, just one comment from him...

Meek Mill Hops On The DogeCoin Train With $50K Investment As Prices Surge

Meek Mill is tired of missing out on the newest cryptocurrency trend so now he’s all in. The Philadelphia rapper — who recently celebrated a birthday — is among the latest Hip Hop celebrities to buy into the cryptocurrency game as Dogecoin — the nicknamed meme-coin co-signed by Tesla and SpaceX CEO Elon Musk — is currently surging on the market. After witnessing how buzzy Dogecoin has become over the last few weeks, Meek Mill announced via social media that he was finally giving in with a $50,000 investment tweeting, “I just grabbed some doge I’m tired of missing out.” He also shared his newest investment on his Instagram story with a caption that says, “I just grabbed some doge birds too much money moving for me lol.”   View this post on Instagram   A post shared by MyMixtapez (@mymixtapez) The fate of many Dogecoin buyers could be in the hands of Musk this Saturday as the billionaire crypto enthusiast is set to make an appearance on NBC’s Saturday Night Live. Rumors are...

Njera Perkins

May 7, 2021