Mavericks owner accused of insider trading

He's not the only one out there and if he's sorry it's only because he got caught.  But even if he is convicted what happens?  It's a good thing he has other assets he can employ to hire the best attorneys available and make for a prolonged legal battle.  Worst case scenario, he ends up in rich peoples prison where he can still play 18 a day.

How surprising! Oh btw  water is wet!!

It is about time we start hearing about this,  there is no way rich people were not  making lots of money with the stock market going up and down like it has.  Rich get richer and the poor can't retire because their 402k are in the toilet.  I hope they throw the book at Cuban if he is truly guilty.

This interesting Timing.  Cuban is trying to buy the Cubs but the MLB GM's don't want him to own the team.  I woldn't be surprised if it was one of the MLB GM's who tipped off the SEC in an effort to ruin his chances of buying the Cubs.

Insider trading? I thought they were talking about bringing Kidd back to Dallas? :P

Although the Kidd move may have not be illegal, the result has been equally as devestating as the potential of a legal violation.

"............You Gotta Be Kidding Me! "............The ENTIRE financial and Banking Industry is face down in the mud, the markets have lost Trillions and a Million people are out of work with more to come because the Securities and Exchange Commission has had its head up its ass for how many years and they NOW want to point their finger at ONE GUY for insider trading??

This is the same organization, along with the Federal Reserve and the Treasury department, who fiddled while Rome burned. The Governmental organizations that let Wall Street hack and slash its way through our Economy?..................WOOOOOOOOOOOPPS !......" Well, Let's grab Mark Cuban for insider trading. " Who the hell is running the government? Who sets the PRIORITIES around there?

I think it is great.  Kudos to the SEC.   This Cuba blowhard thinks he is some sort of mystical business wizard. His "apprentice" rip-off show revealed his pathetic style of business.  He was lucky he was able to steal millions from shareholders during the internet bubble.  Since then his fortunes have plummeted.  Now sweet revenge is upon him like a huge piece of Karma pie.  This haunts similar to OJ Simpson in relative payback, but obviously not in severity of the crime.  Maybe some of the creature comforts from Martha Stewart's cell are still available.  I understand the "homey touches" may set the perfect ambiance for Cuba's new cell mate's love call.

Typical Billionare, penny wise (greedy)- dollar foolish (big asset picture). They would rather risk their fortune and reputation for mere pocket change. Ask Martha, Leona Helmsley, Soros, etc. They should just pay their obligations (taxes, payroll, losses, etc.) and move on. $750K is probably one day's salary for Mark Cuban. It is like me losing $150.00.

This is a guy who owns a private $50Million jet, sports clubs, Theathers, yachts, etc.

I bet his sports cars are worth more than $750k!

Mark will do time. Otherwise, we'll have a pissed off Martha Stewart on our hands.

Martha wasnt sent to the pokie because she was found guilty of insider trading. Her lying to a federal investigator was what did her in. If Cuban is guilty, he should send his check straight to the DNC so they can restribute the wealth.

Mark finally got caught with his hand in the cookie jar.  He is and has always been a big time criminal who never got caught.  I hope he gets twenty years hard time in San Quentin.  He can turn around, bend over and take one for the O-Gipper among the big bucks.  This is what he deserves.

The banks are the ones that run the government.  Until the people decide that they have hit rock bottom, nothing is going to change.  I just hope that we don't have to go into martial law and get papered to cross the street before America wakes up. 

G-R-E-E-D  that's how you spell it.  There goes your reputation Mark.  A billionaire willing to risk his ability to be "the good guy" over $750k when you've got a billion in the bank. 

I've worked directly for 4 different rich entrepreneurs during my career.  They all had one thing in common other than being eccentric.  They were greedy.  All four were either hated by many or ended up in jail. 

Hang the bastard or send him to prison. Just another rich punk.

How sad.  One of the richest men in the world and that's still not enough.  How much money does one need?  Greed is a terrible thing and eventually it will 'em down.

Please someone here answer me a question. Why is Cuban being treated differently? If Martha Stewart was found convicted and sent to prison over this, and under federal statute incarceration is not avoidable, why here? Cuban needs to face the music just like anyone else. I have worked previosuly for a publically traded company. You know not to give the information to anyone, even your pet for crying out loud...ok a stretch there, but you get what I mean.

As far as the Cubs sale, forget it. Bud Selig and the owners are leery of questionable ethics from new ownership groups and Cuban will be no exception. The Trib will not sell to him based on this, even through innocent until proven guilty.

As far as David Stern and the NBA owners go, maybe now would be the time to suspend Cuban until it's proven either way. Let someone else handle the team while he defends himself.

“I am disappointed that the Commission chose to bring this case based upon its enforcement staff’s win-at-any-cost ambitions," Cuban said in a blog posting.

In other words, "I can't believe they didn't give me a chance to bribe them out of making this case".

Sorry Mark, the Republican Guard is now dead.

Isn't this the clown that once said the stock market is for suckers and he wouldn't put any of his money there? I hope I'm wrong,but I seem to recall that he said that.

The real reason Mark Cuban is accused of insider trading: 

Call out the government, and they will come after you!

Could this have something to do with the movie "Redacted?"

For some reason it wiped out the link in my previous post.  Go to bailoutsleuth dot com to see the real reason why Cuban is accused of insider trading.

When these charges are proved correct, the ever conceited Cuban better get jail time, just like Martha did.

Cuban needs to lighten up the hair color he uses.

Kick his butt. No person shall be enriched by the expense of another. This is clearly in violation of SEC rules ( like Marta's case?). You can do it SEC, just like what happened to Martha. Good Job, SEC!