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Old 11-17-2008, 02:27 PM   #1
DateDoc
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SEC Charges Mark Cuban With Insider Trading

WASHINGTON (AP) -- Federal regulators on Monday charged Dallas Mavericks owner Mark Cuban with insider trading for allegedly using confidential information on a stock sale to avoid more than $750,000 in losses. More - http://finance.yahoo.com/news/SEC-ch...-13595492.html
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Old 11-17-2008, 02:31 PM   #2
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only a civil complaint. he's not martha stewart
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Old 11-17-2008, 02:32 PM   #4
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Bad!
Go Lakers
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Old 11-17-2008, 02:34 PM   #5
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He is just gonna have to pay back the money he saved by selling off the stock. To him that's nothing...
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Old 11-17-2008, 03:20 PM   #6
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I met Mark last week at my restaurant good guy.
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Old 11-17-2008, 04:20 PM   #7
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he became a billionaire in a little under one year

true story using broadcast.com
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Old 11-17-2008, 04:22 PM   #8
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He'll do some time and get some good buttlovin for a year or 2
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Old 11-17-2008, 04:45 PM   #9
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Quote:
Originally Posted by AdvertisingSex View Post
he became a billionaire in a little under one year

true story using broadcast.com
Actually, many people became billionaires during the Dot Com Bust One era--what make Mark Cuban different was he cashed out and diversified early right before the big bust. Many of the paper billionaires didn't.

I worked for a venture capital company during that time, our firm turned a $750,000 investment into a $700 million sale (stock) to CNET. The main partners got greedy and hung on to the stock instead of cashing out. It promptly turned to shit.

Cuban's great goal was timing. That's what made him a millionaire before Broadcast.com and that's what made him a billionaire.

Still waiting for his predictions about Youtube to come true though. DMCA is one hell of a prophylactic
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Old 11-17-2008, 04:55 PM   #10
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I can't help, but wonder if this is connected to his latest venture.....
http://www.bailoutsleuth.com/
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Old 11-17-2008, 06:05 PM   #11
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He'll do some time and get some good buttlovin for a year or 2
I highly doubt that
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Old 11-17-2008, 06:09 PM   #12
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I highly doubt that
agreed with the privatized corrections system we have he will just open his own prison for himself like the cartman theme park episode of southpark
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