Mark Cuban- Charges Filed

Discussion in 'Blazers OT Forum' started by BLAZER PROPHET, Nov 17, 2008.

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  1. BLAZER PROPHET

    BLAZER PROPHET Well-Known Member

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    BLAZER PROPHET, Nov 17, 2008
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  2. MARIS61

    MARIS61 Real American

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    Pretty much every billionaire in the world is guilty of insider trading many, many times.

    Every investment move they make is dependent on it.

    Allen, Gates, Buffett...all are guilty. And that is the single most prevalent reason for the absurd imbalance of wealth in America.
     
    MARIS61, Nov 17, 2008
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  3. BLAZER PROPHET

    BLAZER PROPHET Well-Known Member

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    Maybe so, but I would think their billions would be enough.

    So, will he go to jail, and if so, for how long?
     
    Last edited: Nov 17, 2008
    BLAZER PROPHET, Nov 17, 2008
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  4. MARIS61

    MARIS61 Real American

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    Jail? :biglaugh:
     
    MARIS61, Nov 17, 2008
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  5. BLAZER PROPHET

    BLAZER PROPHET Well-Known Member

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    Point well taken.
     
    BLAZER PROPHET, Nov 17, 2008
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  6. Furball

    Furball Member

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    Lester Munson on ESPN said the charges were similar to the Martha Stewart charges and actually involved more money. She did 5 months at a country club jail. I could see Cuban getting that. People are pissed at the BS going on with the stock market.
     
    Furball, Nov 17, 2008
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  7. BLAZER PROPHET

    BLAZER PROPHET Well-Known Member

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    I just read on CNN the charges are civil and not criminal. He will be fined about 1.5 million. Seems Maris61 was right on.
     
    BLAZER PROPHET, Nov 17, 2008
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  8. AgentDrazenPetrovic

    AgentDrazenPetrovic Anyone But the Lakers

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    Stewart wasn't sent to jail for the insider trading, it was for lying under oath about it.
     
    AgentDrazenPetrovic, Nov 17, 2008
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  9. Shooter

    Shooter Unanimously Great

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    If you're holding a ton of shares in a company, and you find out the company is going down the tubes, why wouldn't you sell? Anybody in their right mind would do the same. Who is going to hang on to his shares and watch them plummet???
     
    Shooter, Nov 17, 2008
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  10. AgentDrazenPetrovic

    AgentDrazenPetrovic Anyone But the Lakers

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    uhhhh....greedy americans?
     
    AgentDrazenPetrovic, Nov 17, 2008
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  11. BLAZER PROPHET

    BLAZER PROPHET Well-Known Member

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    Because he had private & confidential information and it's illegal to act on it.
     
    BLAZER PROPHET, Nov 17, 2008
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  12. The_Lillard_King

    The_Lillard_King Westside

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    Ummm . . . because it violates SEC rules. :dunno:
     
    The_Lillard_King, Nov 17, 2008
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  13. THE HCP

    THE HCP NorthEastPortland'sFinest

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    What about Pac-10 rules?
     
    THE HCP, Nov 17, 2008
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