A Waitress From Ohio Who Entered A Free Contest

CNBC said Friday a waitress who has never bought a stock won the business news channel’s much-hyped $1 million stock-picking contest, after several contestants were disqualified for violating the game’s rules (cheaters). Mary Sue Williams, of St. Clairsville, Ohio, was named the winner of the Million Dollar Portfolio Contest. She beat 377,000 participants in a challenge to post the greatest return on a simulated investment of $1 million that was based on actual stock prices.

Speaking on the network after it announced her victory, Williams said she would probably use most of the money to pay for her two daughters to go to college. The career waitress said she had never watched CNBC before the contest and has never bought a stock in her life, but thought she could win the free contest. CNBC does have plans for another Web-based contest, probably in the fall.

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