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‘Roaring Kitty’ Sued for Securities Fraud Over GameStop Rise

By Ilene
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[So much for the fanciful little-guys-beat-the-big-guys narrative.]

‘Roaring Kitty’ Sued for Securities Fraud Over GameStop Rise

By Christian Berthelsen, Bloomberg

Keith Gill, one of the most influential voices that pushed GameStop on the WallStreetBets Reddit forum, was hit with a lawsuit that accused him of misrepresenting himself as an amateur investor and profiting by artificially inflating the price of the stock.

The proposed class action against Gill, who adopted the online nickname “Roaring Kitty,” was filed Tuesday in federal court in Massachusetts. The suit said Gill was actually a licensed securities professional who manipulated the market to profit himself. Gill touted GameStop shares through an extensive social media presence on Youtube, Twitter and Reddit.

Keep reading: https://finance.yahoo.com/news/roaring-kitty-sued-securities-fraud-173103369.html

 
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