Hello everyone. We have an official statement for you from CNBC on an investigation into the Million Dollar Portfolio Challenge. It speaks for itself. Here it is:
The CNBC Million Dollar Portfolio Challenge ended May 25th. CNBC has been contacted by several contestants alleging unusual trading in violation of contest rules among some of the 20 finalists. Once these questions were raised, CNBC immediately launched a thorough investigation to determine who may have violated the rules.
As the rules state, CNBC has until July 8, 2007 to declare a winner. Although CNBC hopes to announce a winner before that date, it is more important to ensure the individual awarded the Grand Prize is in compliance with the rules.
Thank you again to everyone who participated in the CNBC Million Dollar Portfolio Challenge.