• New here? Register here now for access to all the forums, download game torrents, private messages, polls, Sportsbook, etc. Plus, stay connected and follow BP on Instagram @buckeyeplanet and Facebook.

Dallas Mavericks (2011 NBA Champions)

SEC accuses Mavs owner Cuban of insider trading

WASHINGTON -- Federal regulators have accused billionaire Dallas Mavericks owner Mark Cuban of insider trading for allegedly using confidential information on a stock sale to avoid more than $750,000 in losses.
The Securities and Exchange Commission filed a civil lawsuit against Cuban on Monday in federal court in Dallas. The agency said that in June 2004, Cuban was invited to get in on the coming stock offering by Mamma.com Inc. after he agreed to keep the information private.
The SEC said Cuban knew the shares of stock, put at 600,000, would be sold below the current market price, and a few hours after receiving the information, told his broker to sell all shares in the search engine company.
The commission is seeking to impose financial penalties and confiscate gains from the trades. It is up to the U.S. Attorney in Dallas to determine whether Cuban should face criminal charges.

Entire article: ESPN - Dallas Mavericks owner Mark Cuban accused of insider trading

The stock was "Mama.com" !

:slappy:
 
Upvote 0
Has anyone seen that ESPN Commercial with Mark Cuban and the guys sitting at some small diner, and when the waitress hands Cuban the check, he looks at it, and then tries to convince everyone to do a dine & dash. Only, he takes off running and the others all just sit there. I laughed pretty hard at that one, as I do with all the recent ESPN commercials(Shaqtastic)
 
Upvote 0
Magua;1421774; said:
Has anyone seen that ESPN Commercial with Mark Cuban and the guys sitting at some small diner, and when the waitress hands Cuban the check, he looks at it, and then tries to convince everyone to do a dine & dash. Only, he takes off running and the others all just sit there. I laughed pretty hard at that one, as I do with all the recent ESPN commercials(Shaqtastic)
That's the only thing E!spn is good for...commercials.
 
Upvote 0
Back
Top