Barry Minkow and his team at Fraud Discovery Institute has issued a new report on Speedway Motorsports Inc. (NYSE:TRK) This report is a follow-up to the report on the company’s president, Marcus Smith, who lied about having a college degree.
Why was this report done? On the day that news hit about the president lying about his degree, the stock of Speedway started to fall. The company’s response? Insiders (executives and directors) of Speedway started purchasing stock in order to prop up the price of the stock.