GME’s Roaring Kitty Accused of Pump-and-Dump lawsuit.

schizo said:
Why would shorting be illegal, either in this account or that account? No dude, what's illegal is him initially pumping up GME and then subsequently selling all his positions in his secondary account but only showing his position in his primary account. Thereby giving false impression that he's still in the trade.
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Shorting isn’t illegal. Longing in one account and shorting in another to make it look like he’s not doing that is.

But there’s no evidence he’s doing this.

if he discloses a long and subsequently sells it, that’s not illegal. Hedge funds do this all the time; so do people on this board.
 
newwurldmn said:
Shorting isn’t illegal. Longing in one account and shorting in another to make it look like he’s not doing that is.

But there’s no evidence he’s doing this.

if he discloses a long and subsequently sells it, that’s not illegal. Hedge funds do this all the time; so do people on this board.
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We are obviously not on the same page. I suggest you go back and review what "pump and dump" means.

And, yes, I agree that there's "no evidence", at least from what he has been divulging, so why not let SEC look into his account and verify what he claims is all true? Surely, you're not that gullible to believe in everything he says, are ya? :rolleyes:
 
Pekelo said:
"The plaintiff allegedly was injured by this “pump and dump,” purchasing 10 shares on May 13, 2024 (shortly after the May 12th tweet), and additional shares on June 4, 7 and 11 (a total of 25 shares). The plaintiff also purchased three options, two on May 13, 2024 (one sold on May 17) and one more on June 3, 2024."
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25 shares? AHAHAHAHAH! Case dismissed with prejudice.

What a maroon.
 
TheDawn said:
Not dismissed but retracted by the plaintiff. The plaintiff dropped the lawsuit three days after filing it.
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Well, when you file an affidavit stating what a stupid trader you are, this is what usually happens.

TrailerParkTed said:
(According to the suit) Gill had bought a large volume of GameStop options just before his May 12 post [and] this news led to a 5.36% drop in GameStop’s stock price.
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maxinger said:
It is time for
Roaringkitty to counter-sue Martin Radev for
being gullible/foolish or whatever.

Anyway, it is better for Roaringkitty to focus on manipulating the market legally through social media.
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Nah the huge lawyer's bill that the plaintiff will have to pay for launching such a frivolous lawsuit so irresponsibly is punishment enough. Don't think Roaring Kitty incurred any legal cost if the lawsuit was dropped three days after it was filed.
 
schizo said:
We are obviously not on the same page. I suggest you go back and review what "pump and dump" means.

And, yes, I agree that there's "no evidence", at least from what he has been divulging, so why not let SEC look into his account and verify what he claims is all true? Surely, you're not that gullible to believe in everything he says, are ya? :rolleyes:
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I know what a pump and dump is.
You are talking about secret accounts as if they were true.
I think it's unlikely that he shorted stock in another account. He would need in excess of 200MM just to maintain the margin req.

The SEC will look into it if they feel it makes sense. Since it's well believed by the Apes that the SEC is in the pocket of big hedgefunds, if there's any inkling of shenanigans, they will investigate thoroughly.
 
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