CNBC Sports Betting Show Attracts Further Criticism
A planned CNBC reality TV show – Money Talks – which is due to be aired soon has come under fire because of the somewhat questionable past of the host. The series, which is based around sports betting, has already been criticized amid concerns that it will glamourize gambling. In the last few days, that criticism has intensified.
The latest round of condemnation surrounds the history of the show’s host, Steve Stevens. Stevens is a sports handicapper, based in Las Vegas, and claims that his betting picks offer a return of over 70%. This is incredibly high for even the most successful handicapper and it has been suggested that Stevens’ claims are not necessarily true. As a result his credibility, and suitability for hosting the show, have both been called into question.
In a further development, it has been reported that Stevens has a prior conviction for his role in an investment scam back in 1999. These reports state that the scam targeted elderly victims and that they were collectively relieved of over $200,000. CNBC have said that they are aware of the conviction.
CNBC have also stated that they do not in any endorse Stevens’ business, and that the upcoming show is simply for those that would be interested in the world of betting touts and handicappers, and the gamblers that follow their picks. A number of gambling industry insiders have suggested that CNBC did not carry out enough checks before giving Stevens this role and expressed concerns that having him on the show will not do the industry any favors.
The show airs in September and it will certainly be interesting to see what sort of reception it receives then.
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