Tuesday, November 18, 2008

Well this will put a damper on buying the Cubs

If his loud mouth dancing queen persona wasn’t enough, this whole insider trading thing will probably prevent Mark Cuban from buying the Chicago Cubs. Although when you’re dealing with the SEC, I doubt the Cubs are prominently placed on your mind.

According to the civil lawsuit filed on Monday by the Securities and Exchange Commission, Cuban allegedly used insider information to avoid a loss of more than $750,000 by selling his stake in Mamma.com Inc.

If Martha Stewart can be a lesson to anyone, it’s that a $750,000 loss is better than six months lost at Camp Cupcake when you’re worth double the GDP of Belize.

Watch out Mark, because the popo are on your tail!
(Source; Photo: AP/Bill Haber)

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