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11-17-2008, 10:43 AM
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#1 | ||||
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confused
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Mark Cuban Charged with Insider Trading
Just heard this on ESPN radio. Not many details have been released on the charges just yet....
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11-17-2008, 10:44 AM
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#2 | ||||
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Bye Bye Cubs...if there was even any hope before
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11-17-2008, 10:45 AM
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#3 | ||||
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USC ml
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it is on cnbc as well.
so what you think gonna happens to the mavs? probably nothing.
__________________
话说天下大势，分久必合，合久必分。 钱 錢 argent Geld soldi お金 돈 dinheiro деньги dinero เงิน כסף, ממון raha λεφτά pengar danh từ |
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11-17-2008, 10:45 AM
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#4 | ||||
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(1:05EST) Tor/Yanks Under 9
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Most of these rich guys get their money illegally
Nail the bastered
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JJ's Picks |
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11-17-2008, 10:49 AM
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#5 | ||||
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11-17-2008, 10:51 AM
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#6 | ||||
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USC ml
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cnbc said mark cuban was known for his perfect market timing. now we all know how.
__________________
话说天下大势，分久必合，合久必分。 钱 錢 argent Geld soldi お金 돈 dinheiro деньги dinero เงิน כסף, ממון raha λεφτά pengar danh từ |
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11-17-2008, 10:52 AM
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#7 | ||||
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how much is $750,000 to him??
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11-17-2008, 11:04 AM
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#8 | ||||
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confused
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Insider trading is such a gray area and the SEC really picks and chooses who they are going to charge with this. Really isn't Mark Cuban's fault...
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11-17-2008, 11:09 AM
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#9 | ||||
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SBR Oral Sex Therapist
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Thank goodness there's no insider gambling charges. I'd hate to read about a player's status in some blog, place my wager, and then get arrested for betting based on that information before ESPN got ahold of it.
I always figured that part of the perks of being an "insider" was being able to act on information that was still esoteric. This is populist garbage on our law books. Trading in equities is a risk, just like gambling. And just like the Steelers game yesterday, sometimes a whole host of people get screwed. People need to get over this concept of fairness, because it's a complete fallacy.
__________________
My mind withdrew its thoughts from experience, extracting itself from the contradictory throng of sensuous images, that it might find out what that light was wherein it was bathed... And thus, with the flash of one hurried glance, it attained to the vision of That Which Is. ~Saint Augustine, Bishop of Hippo (354 - 430 A.D.)
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11-17-2008, 11:13 AM
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#10 | ||||
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SBR's Best Paid Poster
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Nail the bastered
__________________
“A good marriage would be between a blind wife and a deaf husband.” |
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11-17-2008, 11:18 AM
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#11 | ||||
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(1:05EST) Tor/Yanks Under 9
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I read story, this is minor
__________________
JJ's Picks |
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11-17-2008, 11:22 AM
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#12 | ||||
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he will pay a fine, and continue doing it, chump change for him
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11-17-2008, 12:03 PM
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#13 | ||||
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Federal regulators have charged billionaire 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 guy pisses out that much on a Wednesday evening. Martha got nailed for less. |
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11-17-2008, 12:13 PM
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#14 | ||||
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This is by far from minor and NO you can not just pay a fine on this one.
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11-17-2008, 12:21 PM
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I wouldn't classify it as minor but 10b-5 liability (insider trading) under the 1934 Exchange act is rarely criminal and authorities are even mixed upon whether it can be criminal. Lying to federal investigators on the other hand (Martha Stewart) is criminal.
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11-17-2008, 12:27 PM
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#16 | ||||
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confused
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I don't care who you are 750K is a lot of money. He might be worth 2.2 Billion but that still hurts. It isn't minor and there is a real possibility that he is going to go to jail for this....
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11-17-2008, 12:35 PM
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#17 | ||||
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I think MLB is trying to frame Mark Cuban just so they have an excuse not to sell him the Cubs.
__________________
Enjoying retirement. |
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11-17-2008, 12:40 PM
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#18 | |||||
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confused
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Quote:
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11-17-2008, 01:05 PM
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#19 | ||||
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He just posted on his blog that he will fight it...
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11-17-2008, 01:07 PM
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#20 | |||||
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Quote:
Martha got nailed for lying to federal agents about insider trading, not for insider trading. |
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11-17-2008, 01:08 PM
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#21 | |||||
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Quote:
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11-17-2008, 04:33 PM
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#22 | ||||
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Cuban is a fukkin cheat.
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11-17-2008, 05:22 PM
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#23 | ||||
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Sounds like Cuban is guilty. His fine could be 4x the amount of his profit so he could be looking at a fine of $3 million. Highly unlikely he'll do any time like Martha Stewart unless he lies to the authorities.
__________________
Always give your best, never get discouraged, never be petty; always remember, others may hate you, but those who hate you don't win unless you hate them, and then you destroy yourself. |
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11-17-2008, 05:41 PM
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#24 | ||||
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They are civil charges not criminal, at worst he gets fined.
later
__________________
"Politics are like the stock market, its bad business for those who cant afford to lose" |
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