Nope, the stated intention was to buy the shares before GME valuation rose from all the other factors listed. At many points the writer mentions it’s not a pump and dump, the stock’s fundamentals and management changes indicate it is undervalued, and the short interest creates a mechanical condition that will push it up to the “true” higher value - the writer mentions an intention to buy and hold, it will go up and stay high.

The redditors have absolutely broken no laws, in fact there is not the slightest whiff of any reason to even suggest they might have. It’s just anger from wealth classes for having been embarrassed.