Elon Musk Facing $258 Billion Lawsuit Over Alleged Dogecoin Pyramid Scheme

NBC News published this video item, entitled “Elon Musk Facing $258 Billion Lawsuit Over Alleged Dogecoin Pyramid Scheme” – below is their description.

Elon Musk is facing a $258 billion lawsuit by a Dogecoin investor who is accusing him of running a pyramid scheme to support the cryptocurrency that Musk admitted started as a joke. NBC News’ Jacob Ward reports on the suit that comes after Musk met with Twitter’s staff ahead of his $44 billion takeover. 

NBC News YouTube Channel

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About This Source - NBC News

NBC News is the news division of the American broadcast television network NBC.

NBC News aired the first, regularly scheduled news program in American broadcast television history on February 21, 1940.

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Dogecoin is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a joke, making fun of the wild speculation in cryptocurrencies at the time. Despite its satirical nature, some consider it a legitimate investment prospect.

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Elon Reeve Musk FRS is a business magnate, industrial designer, engineer, and philanthropist. He is the founder, CEO, CTO and chief designer of SpaceX; early investor, CEO and product architect of Tesla, Inc.; founder of The Boring Company; co-founder of Neuralink; and co-founder and initial co-chairman of OpenAI.

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In This Story: NBC

The National Broadcasting Company is an American English-language commercial broadcast television and radio network which is the flagship property of and owned by Comcast. The network is headquartered at 30 Rockefeller Plaza in New York City, with additional major offices near Los Angeles, and Chicago.

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