Discord Stock ‘Guru’ Accused of Fraud, Stock Manipulation

The Securities and Exchange Commission accused a self-described stock-picking “guru” on Discord of fraud and stock manipulation as part of an ongoing investigation.

The agency partially settled some charges against Francis Sabo, also known as “Ricky Bobby,” according to a Friday press release. The agency alleges Sabo made over a million dollars between January 2020 through December 2022 through a social media stock manipulation scheme. He allegedly worked alongside eight other people. The SEC sued the alleged co-conspirators in December 2022.

Sabo “promoted himself as a trustworthy stock-picking guru,” the complaint filed Thursday in the US District Court for ...