CNBC Investigates Contest for Cheating
RENEE MONTAGE, host:
Insider trading is everywhere, from the stock market to TV shows. Yesterday, the financial news network CNBC announced it's investigating illicit trading of its own contest called the CNBC Million Dollar Portfolio Challenge. Our last word in business today is reality TV. In this case TV wasn't supposed to mimic reality. The contest gave each of its entrants a fictional trading account and it seems some of them were tempted to cheat, even with fake money. That said, the grand price is real - a million dollars.
NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR’s programming is the audio.