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Tuesday, June 19, 2007

CNBC: Is Faking Vince McMahon's "Death" Working?

Here's a CNBC article looking at Vince McMahon's "death."

"Now, let's go a little deeper. Is it a crime for the WWE to fake McMahon's death? I don't believe so. Because a police report wasn't filed and McMahon isn't creating any sort of phony documentation or cashing in on a life insurance policy, it doesn't seem like there's any exposure here.

But I still think there's a possibility the organization could be sued by a shareholder. By announcing that he is "presumed dead" on their official Web site, they could be charged with misleading stockholders. There's no evidence that a slew of people bought the McMahon news on Wall Street. As of Monday's close, WWE stock is down only 1.8 percent since the "accident." You'd think if McMahon really died, the thing would plummet. That being said, I think there could still be a claim."


WWE: Is Faking Vince McMahon's "Death" Working? - Sports Biz with Darren Rovell - CNBC.com

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