GameStop Stock Price: DFV/Roaring Kitty Has Been Sued For Fraud – Report

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Keith Gill AKA RoaringKitty AKA DFV has been sued over the role he allegedly played in the GameStop stock price situation, according to court documents reported on by Bloomberg (via Markets Insider).

Gill was one of the most prominent Reddit investors for GameStop, investing $53,000 in the retailer back in June 2019 and turning that into more than $48 million during the short squeeze fueled in part by investors on Reddit in the WallStreetBets forum. The value of his GameStop position has dropped significantly as the company’s share price fell back to Earth.

Gill’s name was part of a proposed class action lawsuit filed in Massachusetts this week. Among the many claims in the lawsuit is that Gill is actually a licensed securities professional and not the amateur investor that people thought he was.

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