Elon Musk sued for $258B over alleged Dogecoin 'pyramid scheme'

Investor sues Elon Musk for $258 billion to cover damages over alleged Dogecoin ‘pyramid scheme.’ FOX Business’ Lauren Simonetti with more.

Subscribe to Fox Business!
Watch more Fox Business Video:
Watch Fox Business Network Live:

FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.

Follow Fox Business on Facebook:
Follow Fox Business on Twitter:
Follow Fox Business on Instagram:


  1. attacking anyone on the right is getting old now,,,,we need to vote out 90% of the democratic leadership,,,,

  2. I want to sue the government for 258 billion for their Ponzi scheme that started in 1913

  3. That's funny. If this lawsuit goes forward then I have every intention of suing investment agencies and Banks and the federal government for enforcing regulation on 401ks. That's the biggest Ponzi scheme that no one's ever talked about. You lose all your money in a week's time and it takes you 10 years to get it back, only if the market is good. Just ask Bernie Madoff.

  4. He wants to sue for all the money everyone lost times 3. He is not even suing for money that he lost. So dumb.

  5. I will forever appreciate this channel, you've helped me and my family a lot, your videos, advice, lessons and funny words are Inspirational and helpful to us. My husband and I have been able to minimal, conscious in spending, saving and investing wisely, I now earn every week. You're such a blessing to this generation, we all love you

  6. Now Elon is supporting it publicly. He stated that he's buying it 7 hours ago. It went up 15%.

  7. Anything to diss Elon is in full swing. In my opinion Elon is one of the very few rich guys that actually cares about other peoples views other than just his own.

  8. Elon musk being a scam artist is no surprise to me, hes a great marketing/pr genious.. but ppl investing in these kind of unstable products, and expecting to make a profit with no danger, are just naive.

  9. Freedom of speech , and you probably put al your savings into Dogecoin or some
    Crypto , when clearly everyone states “ DO NOT USE ALL YOU SAVINGS “ lol on such a volatile market . That’s your own choices , now you wanna sue for 200 billion + . Lol what a joke , Killing Elons High sheesh . Gotta go through nonsense . Greedy 😂 just Hold !

  10. Although I think cryptocurrency in general is a scam because how unregulated it is (literally like the wild west right now) I don't quite think this guy has much of a case here.

  11. This guy is a moron lol Elon never told anyone to invest in anything. He just talked about it and it drove the price up

  12. Going after Musk and he's not even running for President. The left is truly Desperate.