Mark Cuban accused of insider trading!

Discussion in 'Brooklyn Nets' started by Netted, Nov 17, 2008.

  1. Netted

    Netted Member

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    Wow... just saw it under breaking news on Yahoo Sports. No article to link to yet.

    All it says it this:
     
    Netted, Nov 17, 2008
    #1
  2. FOMW

    FOMW Member

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    Just when he thought life couldn't get worse . . .
     
    FOMW, Nov 17, 2008
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  3. Basileus777

    Basileus777 Member

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    My condolences Cuban, but I'll always remember how you gifted us with Devin Harris, Ryan Anderson, and a 2010 lotto pick.
     
    Basileus777, Nov 17, 2008
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  4. jirohkanzaki

    jirohkanzaki Member

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    good luck kidd with that $20M extension...lol
     
    jirohkanzaki, Nov 17, 2008
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  5. Belarus

    Belarus Member

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    http://www.law.uc.edu/CCL/34Act/sec21A.html
     
    Belarus, Nov 17, 2008
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  6. Dumpy

    Dumpy Yi-ha!!

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    Just don't lie about it, Mark! Martha will tell you what happens then.
     
    Dumpy, Nov 17, 2008
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  7. razel231

    razel231 Member

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    Well there goes any hope of him owning the cubbies.
     
    razel231, Nov 17, 2008
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  8. Dumpy

    Dumpy Yi-ha!!

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    not really. so long as he doesn't lie about it, he will just have to repay his gains and pay a fine.
     
    Dumpy, Nov 17, 2008
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  9. danxcr

    danxcr Active Member

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    well its not gonna be jail time cuz its just a civil inditement
     
    danxcr, Nov 17, 2008
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  10. ffz

    ffz Member

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    all he has to do is just pay the 750k and nothing happens.
     
    ffz, Nov 17, 2008
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  11. Belarus

    Belarus Member

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    can be $2,250,000. but I agree he's not going to jail.
     
    Belarus, Nov 17, 2008
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  12. ScoringPG1850

    ScoringPG1850 Member

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    I think he's trying to go to jail...so he won't have to answer to the fans on why he made such a dumb trade!
     
    ScoringPG1850, Nov 17, 2008
    #12
  13. xflavioVC15x

    xflavioVC15x Member

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    Someone explain to me Insider Trading
     
    xflavioVC15x, Nov 17, 2008
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  14. soul driver

    soul driver Member

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    when I read the title, I thought at the Garden yesterday, Cuban wanted to meet Thorn and ask for Devin back.
     
    soul driver, Nov 17, 2008
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  15. DaRizzle

    DaRizzle BLAKER

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    When you become aware of information that the general public isnt aware of on a stock, and then you make your buying/selling decision based on that information. The crime isnt getting the info, taking action because of it is.

    IDEALLY the stock market is supposed to be a level playing field with everyone having access to an equal amount of info
     
    DaRizzle, Nov 17, 2008
    #15
  16. GMJ

    GMJ Suspended

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    Wall Street is actually inside a building.
     
    GMJ, Nov 17, 2008
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