brker_guy Posted December 19, 2012 Share Posted December 19, 2012 This couldn't have happened to a nicer crook. :-) http://finance.fortune.cnn.com/2012/12/18/thestreet-com-fraud/ We knew this would happen to Cramer, sooner or later, right? Link to comment Share on other sites More sharing options...
Parsad Posted December 19, 2012 Share Posted December 19, 2012 This couldn't have happened to a nicer crook. :-) http://finance.fortune.cnn.com/2012/12/18/thestreet-com-fraud/ We knew this would happen to Cramer, sooner or later, right? Alot of them are falling...some of the big ones still yet to fall, but getting closer. Cheers! Link to comment Share on other sites More sharing options...
rjstc Posted December 19, 2012 Share Posted December 19, 2012 Was Cramer charged with anything? Link to comment Share on other sites More sharing options...
Parsad Posted December 19, 2012 Share Posted December 19, 2012 Was Cramer charged with anything? No, but he owns a big chunk along with David Rocker. Cheers! Link to comment Share on other sites More sharing options...
rjstc Posted December 19, 2012 Share Posted December 19, 2012 I really can't stand Cramer. But on the surface it doesn't sound like they handled It too bad. Elisabeth DeMarse, CEO of TheStreet, said the accounting irregularities happened in 2008 and 2009, and relate only to Promotions.com, which was sold in December 2009. She said the company discovered the accounting fraud itself, reported it to the SEC. The company has already restated its earnings. She said TheStreet has continued to cooperate with the SEC during the course of the investigation. What's more, under the terms of the settlement, TheStreet is not required to pay any monetary penalties. "We are pleased to put this matter behind us," says DeMarse. Fortune.com and its partner CNNMoney.com compete with TheStreet.com. Cramer, who is on the company's board of directors and is a regular contributor on its website, was not named in the suit. Shares of the company were down just 3% on the news to $1.60. Link to comment Share on other sites More sharing options...
CONeal Posted December 19, 2012 Share Posted December 19, 2012 Somebody call Mad Mondy tonight and ask him what he thinks about someone wanting to put some money in street.com. Link to comment Share on other sites More sharing options...
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