Reply With Quote
all that will happen is that he pays back the losses he avoided and the penalties...the end
SEC accuses Mavs owner Cuban accused of insider trading
http://sports.espn.go.com/nba/news/story?id=3708124
WASHINGTON -- The Securities and Exchange Commission has accused Dallas Mavericks owner Mark Cuban of insider trading.
The Wall Street Journal on Monday reported that Cuban is alleged to have dumped shares in Mamma.com upon learning it was raising money in a private offering.
In a civil action, the SEC claims Cuban sold his entire 6 percent stake in late June 2004 after learning that Mamma.com was raising money through a private investment in a public en y (also known as PIPE), the Journal reported.
The following day, Mamma.com announced the PIPE financing and shares of the company dropped by more than 10 percent. By selling his ownership stake, Cuban avoided more than $750,000 in losses, the Journal reported.
all that will happen is that he pays back the losses he avoided and the penalties...the end
he always has been a cheater....
martha stewart anyone?
he hasnt won anything to be considered a cheater
Hey Mark,
Watch out for your cornhole, bud.
Hey Mark,
Watch out for your cornhole, bud.
Will he have to sleep with one eye open and his ass to the wall while he's in prison?
And Christmas comes early this year!!!!!!!!!!!!!!!
This has to be the most dysfunctional organization in the history of sports.
Can't wait to read about it in his awesome "MavsBlog".
Why would he avoid prison in this situation?
Because, as of now, it's only a civil complaint.
Oh, OK..thanks
And Christmas comes early this year!!!!!!!!!!!!!!!
This has to be the most dysfunctional organization in the history of sports.
Can't wait to read about it in his awesome "MavsBlog".
http://spurstalk.com/forums/showthread.php?t=104962
Last edited by Deuce; 11-17-2008 at 02:11 PM.
just another reason to hate Mark Cuban. gotta love it.
-Mars
The complaint is hilarious:
http://gawker.com/5090832/how-not-to...-inside-trader
To set the scene: The CEO of a company Cuban partially owns calls him up with (confidential) bad news; Cuban gets pissed, knowing the news will sink the stock price; but he just received confidential information, so he can't sell! Here's how they say he handled this financial quandary:
Last edited by Findog; 11-17-2008 at 04:55 PM.
do you think he even realized what he was doing was illegal? sure doesn't seem like it.
-Mars
Read the complaint - of course he knew what he was doing was illegal. That's why he was pissed, because he was receiving information he couldn't legally act on.
He's just a Maverick... oh,wait..
Tell him to bring lots of vasoline with him when he is in the pen.
You said it mavfan, we didn't.
He can call Martha Stewart and find out how she coped with time in prison. I believe that one started out as a civil suit too
Cuban should be in prison for creating that soft ass team.
There are currently 1 users browsing this thread. (0 members and 1 guests)
Posting Permissions
