Mark Cuban Accused of Insider Trading
Frontburner asks if this means he’ll have to sell the Mavericks. I ask, will he have to sell his home? (Love me that Texas Homestead law.) That is, homes properties. I did not know he owned all this land near Northwest Highway and Douglas. A reader pointed out that what he has done is no different than what Martha Stewart did, but I have to say this: I think Martha got a raw deal, especially in light of all the shenanigans those big Wall Street players have pulled that we are just now unearthing. Three words for you, SEC: Credit-Default Swaps.�
5 Comments to “Mark Cuban Accused of Insider Trading”
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Dont worry Candy, Mark will have enough left over to offer from the sell off to still offer you a job when D Magazine tanks in the not to distant future.
Brian:
Write much?
Candy-
Mark Cuban – charged with insider trading.
Martha Stewart – charged with insider trading and PERJURY.
BIG DIFFERENCE.
…don’t you mean Martha Stewart was charged with securities fraud and obstruction of justice?
Perjury is giving false statements under oath / when giving sworn testimony, in open court, or when affirming sworn testimony. As far as I know, Martha did not tell them the truth (and yes, this is different than lying) when they questioned her. She was convicted by a jury of conspiracy, obstruction of justice, and giving false statements to federal investigators.
From what has been reported, it’s pretty safe to say that Mr. Cuban has not lied to SEC investigators…hence the civil nature of the proceedings…it’s going to be all about fines and penalties.
I don’t know Mark Cuban, but I do know he has enough money, and confidence, to stand up for himself, and his principles–I submit exhibit A; the approximately $1.7M in fines he was ordered to pay to the NBA.
Candy,
)
)
you see how powerful money is?
The brightest news is: Mr. Cuban is reading your Dallas Dirt.
That is a honest complement, so your job is well done.
I don’t think Mr. Cuban will read mine.
You are the man! (Lady, I mean)
TonySo@magnum2000.com