Cramer bragged of manipulating stock prices
In an interview for a financial website, Jim Cramer, the extroverted host of CNBC’s “Mad Money,” boasted about manipulatin Cramer g stock prices when he was a Wall Street trader.
In a webcast on TheStreet.com that has been widely viewed on YouTube, Mr. Cramer spoke about bringing down the prices of a high-flying stock and admitted that his actions might have been illegal.
“A lot of times when I was short, I would create a level of activity beforehand that would drive the futures. . . . It’s a fun game,” he said in the interview with TheStreet.com’s executive editor Aaron Task.
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