Mark Cuban Charged With Insider Trading!
I really can’t believe this news as I am a huge Mavericks fan. However, Mark Cuban was recently charged by the SEC for insider trading. This came after allegations that he was dumping shares of Mamma.com stock prior to a private offering. The SEC says that he sold all 6 percent of the company that he owned right before this offering. His motive is that selling these shares would save him 750,000 because the stock was about to be diluted. This is all pretty ironic, as Cuban has lately been giving investors advice about hedgefunds and how to invest properly. Even Martha Stewart got put in jail for insider trading, so Cuban is not immune.




