TheStreet.com, founded by business entertainment TV personality Jim Cramer, has been a slow-motion train wreck for more than a decade, destroying shareholder wealth with cumulative losses of $184 million.
But is TheStreet.com also ripping off its readers?
The W.C. Varones blog has received a complaint from a TheStreet.com reader who alleges that contest winners are being stiffed by TheStreet.com. A repeat winner of the weekly Stockpickr contest claims to have followed all the rules, been notified that he was a winner, sent in a notarized prize claim form, and never received his cash prize. Subsequent weekly contest wins did not receive acknowledgement by TheStreet.com.
TheStreet.com's product manager responsible for the Stockpickr contest did not respond to a request for comment.
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