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)
Tuesday, November 18, 2008
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