CNBC's Million Dollar Portfolio Challenge Technical Glitch

With a million dollars up for grabs it is not surprising that contestants would take any advantage they could gain in the CNBC Million Dollar Portfolio Challenge. What is surprising is that CNBC has admitted that there was a glitch in the game that allowed an unfair advantage to the players that discovered it. Trading has been suspended for one week and the game will be restarted. The final five weeks of trading will determine the winner. All accounts will be reset to zero.

It did seem quite odd to many contestants that the leaders of this contest had amassed returns that appeared astronomical. At the time of the glitch discovery, one player had theoretically turned their million dollars into the staggering sum of over ten millions dollars in only five weeks.

Several other players had doubled their money – this week! Even Mad Money’s Jim Cramer could never do that. It should be noted that the leading players to date may not have exploited the glitch. They may just be super investors.

The good news is that everyone now has a new chance to win a million dollars. The bad news is that several players were so close to winning they may have already spent the money.