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BREAKING - SEC charges Mark Cuban with Insider Trading

Found November 17, 2008 on InGameNow:
Sorry Chicago Cubs fans but it looks like Mark Cuban won't be buying your team. The SEC has charged him with insider trading of Mamma.com. In 2004, Cuban was told there would be a secondary offering of mamma.com. Instead of buying more stock, Cuban sold his 600k shares to avoid dilution. Cuban, owner of the Dallas Mavericks, saved roughly $750k in this alleged act. It looks like Cuban will fight these charges. No word if Martha Stewart will be advising Cuban
Original Story: http://blog.ingamenow.com/2008/11/17/...
24 Comments:
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