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Author Topic: Mavericks Owner Mark Cuban Charged With Insider Trading  (Read 3094 times)

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Offline RobJohnson

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Mavericks Owner Mark Cuban Charged With Insider Trading
« on: November 17, 2008, 12:04:03 PM »
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SAN FRANCISCO -- The Securities and Exchange Commission on Monday charged Dallas Mavericks owner and Internet entrepreneur Mark Cuban with insider trading. The SEC alleges Cuban in June 2004 sold 600,000 shares of Internet search engine company Mamma.com Inc. on inside information that the company would initiate a stock offering. The charges allege Cuban knew that the offering would be at a discount and it would be dilutive to existing shareholders.


http://www.foxbusiness.com/story/markets/industries/media/mavericks-owner-mark-cuban-charged-insider-trading/
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Offline Ralph Wiggum

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Re: Mavericks Owner Mark Cuban Charged With Insider Trading
« Reply #1 on: November 17, 2008, 12:18:22 PM »
He may have seen this coming, since he recently claimed that he had a zero percent chance of buying the Chicago Cubs, one of his prized possessions.
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Offline thundley4

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Re: Mavericks Owner Mark Cuban Charged With Insider Trading
« Reply #2 on: November 17, 2008, 12:30:16 PM »
So much for my hopes of him getting the Cubs.  :censored:
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Offline Lord Undies

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Re: Mavericks Owner Mark Cuban Charged With Insider Trading
« Reply #3 on: November 17, 2008, 12:41:33 PM »
Mark Cuban is a cocky prick.  Too bad this won't go anywhere.  Mark Cuban is not Martha Stewart.
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Offline BEG

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Re: Mavericks Owner Mark Cuban Charged With Insider Trading
« Reply #4 on: November 17, 2008, 01:23:18 PM »
Quote from: Lord Undies on November 17, 2008, 12:41:33 PM
Mark Cuban is a cocky prick.  Too bad this won't go anywhere.  Mark Cuban is not Martha Stewart.

I agree, I can't stand Mark Cuban.
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Offline Ralph Wiggum

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Re: Mavericks Owner Mark Cuban Charged With Insider Trading
« Reply #5 on: November 17, 2008, 02:17:50 PM »
Quote from: BEG on November 17, 2008, 01:23:18 PM
I agree, I can't stand Mark Cuban.

Rush described him as a big Obama supporter on his show today.  I didn't know that.
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Offline BEG

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Re: Mavericks Owner Mark Cuban Charged With Insider Trading
« Reply #6 on: November 17, 2008, 02:20:55 PM »
Quote from: Ralph Wiggum on November 17, 2008, 02:17:50 PM
Rush described him as a big Obama supporter on his show today.  I didn't know that.

I figured he was.  He is a total ass.
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Offline Ralph Wiggum

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Re: Mavericks Owner Mark Cuban Charged With Insider Trading
« Reply #7 on: November 17, 2008, 02:23:27 PM »
Quote from: BEG on November 17, 2008, 02:20:55 PM
I figured he was.  He is a total ass.

I've always liked him.  Of course I don't live as close to him as you do.  You're probably bombarded with Mark Cuban news constantly.
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Offline RobJohnson

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Re: Mavericks Owner Mark Cuban Charged With Insider Trading
« Reply #8 on: November 17, 2008, 02:45:45 PM »
Quote from: BEG on November 17, 2008, 02:20:55 PM
I figured he was.  He is a total ass.

 :rotf: :rotf:
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Offline Miss Mia

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Re: Mavericks Owner Mark Cuban Charged With Insider Trading
« Reply #9 on: November 17, 2008, 03:24:09 PM »
Quote from: Ralph Wiggum on November 17, 2008, 02:23:27 PM
I've always liked him.  Of course I don't live as close to him as you do.  You're probably bombarded with Mark Cuban news constantly.


Not really.  I rarely hear about him.  But I don't watch the sports news, I mean they'll refer to him when talking about the Mavs. 
« Last Edit: November 17, 2008, 03:28:36 PM by Miss Mia »
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Offline DixieBelle

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Re: Mavericks Owner Mark Cuban Charged With Insider Trading
« Reply #10 on: November 17, 2008, 07:26:42 PM »
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Offline Ptarmigan

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Re: Mavericks Owner Mark Cuban Charged With Insider Trading
« Reply #11 on: November 17, 2008, 07:27:50 PM »
Mark Cuban is really annoying. He is the reason why the Dallas Mavericks lost the NBA Championship against Miami. He can't keeps his mouth shut.
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Offline Chris_

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Re: Mavericks Owner Mark Cuban Charged With Insider Trading
« Reply #12 on: November 17, 2008, 07:30:57 PM »
Quote from: Lord Undies on November 17, 2008, 12:41:33 PM
Mark Cuban is a cocky prick.  Too bad this won't go anywhere.  Mark Cuban is not Martha Stewart.

This stuck me as so strange -- $700,000 to a billionaire is like $70 to most of us.

Maybe he got his money too quickly and can't do relative risk analysis in his head?  Remember, he had ONE really good idea and sold it for a billion.  That doesn't make him smart, just clever.
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