Citadel’s Ken Griffin Called to Testify at GameStop Hearing this Thursday; In Past Two Years, Republicans Got More than $60 Million of His Winnings

by Pam Martens and Russ Martens
Wall Street on Parade

The tentacles of Ken Griffin’s Citadel octopus were involved in multiple ways in the GameStop saga that will get a hearing this Thursday before the House Financial Services Committee. Griffin has been called to testify along with others.

GameStop is the brick-and-mortar video game retailer whose stock soared from $18.84 on December 31 of last year to an intraday high of $483 on January 28 – a breathtaking run of 2,465 percent in four weeks – before plunging back to earth. It closed on Friday at $52.40.

The hearing has been called to understand the relationship between all of the parties that played a pivotal role in the wild trading activity, which made fortunes for some big players while leaving others licking their wounds from what has the appearance of a pump and dump scheme.

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