Mark Cuban accused of insider trading ...... - DFWstangs Forums
 
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post #1 of 10 (permalink) Old 11-17-2008, 09:59 AM Thread Starter
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Mark Cuban accused of insider trading ......

CNN is reporting the SEC has accused Mark Cuban of insider trading .......
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post #2 of 10 (permalink) Old 11-17-2008, 10:00 AM
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CNN is reporting the SEC has accused Mark Cuban of insider trading .......


Norm is talking about it on the Ticket right now, as well.
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post #3 of 10 (permalink) Old 11-17-2008, 10:03 AM
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ESPN just broke it
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post #4 of 10 (permalink) Old 11-17-2008, 10:04 AM
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I wouldn't be surprised either way...
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post #5 of 10 (permalink) Old 11-17-2008, 10:11 AM
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mamma dot com FTMFL haha

98 Brokra
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post #6 of 10 (permalink) Old 11-17-2008, 10:29 AM
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So will he or won't he go to prison? Wonder if he has already called Martha for advise?

All I hear is bla bla bla......
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post #7 of 10 (permalink) Old 11-17-2008, 11:21 AM
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He just wrote an anti-Obama piece (even though he was a large supporter of Barry O).

He's about to be Ron Brown'd

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post #8 of 10 (permalink) Old 11-17-2008, 11:22 AM
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So will he or won't he go to prison? Wonder if he has already called Martha for advise?
If Martha Stewart can go to prison when she didn't even commit insider trading, then Mark Cuban sure as hell can...

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post #9 of 10 (permalink) Old 11-17-2008, 01:04 PM Thread Starter
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From what I have read , its a civil suit right now . I'm sure if the SEC win the case , it will pave the way for federal charges .
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post #10 of 10 (permalink) Old 11-17-2008, 02:41 PM
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On his blog:
Quote:
Mark Cuban today responded to a civil complaint filed by the United States Securities and Exchange Commission in the United States District for the Northern District of Texas, Dallas Division. In its complaint, the Commission charges that Mr. Cuban engaged in violations of the federal securities laws in connection with transactions in the securities of Mamma.com Inc.

This matter, which has been pending before the Commission for nearly two years, has no merit and is a product of gross abuse of prosecutorial discretion. Mr. Cuban intends to contest the allegations and to demonstrate that the Commission’s claims are infected by the misconduct of the staff of its Enforcement Division.

Mr. Cuban stated, “I am disappointed that the Commission chose to bring this case based upon its Enforcement staff’s win-at-any-cost ambitions. The staff’s process was result-oriented, facts be damned. The government’s claims are false and they will be proven to be so.”

Working on my project Stang
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