Called it
Renowned GameStop investor 'Roaring Kitty' hit with a securities-fraud lawsuit over his role in the stock's epic surge
Keith Gill, who goes by RoaringKitty on Twitter and YouTube, was hit with a securities-fraud lawsuit over his role in the rise of GameStopstock, Bloomberg reported on Wednesday.
Gill gained a following as he documented his "YOLO" trade in GameStop on Reddit's Wall Street Bets forum for more than a year. He invested $53,000 in GameStop stock and call options in June 2019. The value of those securities peaked at about $48 million during GameStop's epic short squeeze last month.
Gill was named in a proposed class-action lawsuit filed in Massachusetts on Tuesday alleging that he misrepresented himself as an amateur investor when in reality he was a licensed securities professional, Bloomberg reported. The suit also alleged that Gill profited from GameStop's rise by artificially inflating the price of the stock.
‘Roaring Kitty’ Sued for Securities Fraud Over GameStop Rise
Back to the basement he will go . Dude was too confident and got greedy. Greed is not good.AxeCapitalI mean, Melvin Capital made that fed call - Even if they recoup their losses; their sole purpose will be to make an example of him bc he embarrassed the egos of a billion dollar trade industry. Dude made a beginners mistake by being overly ambitious- beat them at their own game but don’t become like them.
Dude problem is two fold. One he should have never gave out his personal info like his name. Two he should have never shown his face. Three he should have cashed out and left the country.
Finally most likely he won't do jail time. But they want to make an example of him and run up the score by either running his name in the mud and or break him financially with lawyer fees and a possible fine.
Finally as I told fools in the student loan thread for kats who were bytching about their loans. The government does not work for you. They work for wall street, banks, executives and multinational companies who have bought them like whores on a track.
I mean how many times do fools have to see this to understand the matter. shyt is like having a cheating wife sleep with everyone in the neighborhood but still thinking she is fateful.
