Monday, November 17, 2008

Way to go Mark!



Looks Like ole' Mark Cuban
is trying to get to the same house
Martha Stewart work towards....
THE BIG HOUSE!

WASHINGTON -Federal regulators have 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.
The Securities and Exchange Commission filed a civil lawsuit against Cuban on Monday in federal court in Dallas. The agency says 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 says Cuban knew the shares 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.

Except he may be dancing in an Orange Suit!
One name off the Cubs Buyer's List.

2 comments:

Anonymous said...

He is now the de facto PERFECT OWNER for the Cubs. A little Chicago style graft...the city, and the internet, for that matter, were built on this type of insider trading information. Why the fuck else would you make any friends in that business full of worms? I say let him buy the Cubs. How much worse can 101 years of futility get? At least he'll cheat a little to get ahead.

Anonymous said...

Playing fair gets you nowhere. Mark is my guy,
And if his bid is high,
then it is Buy Buy, Buy.