WSJ: SEC Charges Mark Cuban With Insider Trading

flytiger · Nov 17, 2008

He is not the exception. He is the rule.

Just wait what you see. Just wait.

MrDODGE · Nov 17, 2008

He will get off with paying a fine. Really think he is headed to jail?

makloda · Nov 17, 2008

Quote from EPrado:

He apparently did it and saved like 750k by acting on the inside info. What a complete idiot. Worth all that money.

It's funny....Cuban rips on the stock market for being a scam/giant ponzi scheme.......then gets nailed for insider trading.

Poetic justice. I hope they make another Martha Stewart of him and throw him in jail over this.

gnome · Nov 17, 2008

Quote from wavefinder:

here is a link

http://online.wsj.com/article/SB122693827604333637.html

"PIPE" financing... good name... as in "shareholders taking it up the tail...."

brownsfan019 · Nov 17, 2008

This is priceless.

Cuban founded this site - http://www.sharesleuth.com/

Whose about page states:

About
Sharesleuth.com is an independent Web-based reporting aimed at exposing securities fraud and corporate chicanery.

He must have pissed off the wrong people this time.

MarginCalled · Nov 17, 2008

Unbelievable! Glad to see that he's at least going to shut up for a little while.

EPrado · Nov 17, 2008

Quote from makloda:

Poetic justice. I hope they make another Martha Stewart of him and throw him in jail over this.

I would imagine that he will face the same exact fate as her. Did basically the same thing. Got info on a stock that would result in the price going down substantially and liquidated his position beforehand. It's not gonna help that he was the largest shareholder of the company. He wont get a ton of time behind bars...but he will go there. If they made an example outta Martha Stewart, they will surely nail him as he has been talking a ton of shit about the stock market/SEC.

monti1a · Nov 17, 2008

The charge is a civil complaint, not a criminal one

ElCubano · Nov 17, 2008

Quote from makloda:

Poetic justice. I hope they make another Martha Stewart of him and throw him in jail over this.

no jail time for him.....His lawyers already have the Martha Stewart case as an example of what NOT to do....he will pay 3 times the $750k and keep on rollin'

ElCubano · Nov 17, 2008

Quote from EPrado:

I would imagine that he will face the same exact fate as her. Did basically the same thing. Got info on a stock that would result in the price going down substantially and liquidated his position beforehand. It's not gonna help that he was the largest shareholder of the company. He wont get a ton of time behind bars...but he will go there. If they made an example outta Martha Stewart, they will surely nail him as he has been talking a ton of shit about the stock market/SEC.

she went to jail for LYING to a fed grand jury....imagine that...crazy