OT - Cuban charged with insider trading

rayfantastic · Post #1 » by **rayfantastic** » Mon Nov 17, 2008 5:11 pm

http://finance.yahoo.com/news/Dallas-Ma ... 94659.html

What a fool.

MaxRider · Post #2 » by **MaxRider** » Mon Nov 17, 2008 5:14 pm

Lots of people do it. It's like speeding, you just don't get caught often. We don't care about him anyway.

HTown_TMac · Post #3 » by **HTown_TMac** » Mon Nov 17, 2008 7:24 pm

If you know something is going to happen, you move your stuff...

Oh and its Cuban so who cares?

rocketworld · Post #4 » by **rocketworld** » Mon Nov 17, 2008 10:47 pm

if he did this...who knows...maybe he did bribe the refs

jove9 · Post #5 » by **jove9** » Tue Nov 18, 2008 1:15 am

I hope he gets prison time like Martha Stewart did.

moofs · Post #6 » by **moofs** » Wed Nov 19, 2008 11:42 pm

From reading through Cuban's blog comments and posted defense, I highly doubt he did anything illegal. It's a civil action, so jail time doesn't look forthcoming either (Stewart's jail came from something else). It looks like he should get off without much problem, but given that the SEC is somewhat like the IRS and several other funfun government agencies where the factual event doesn't necessarily matter in the effective outcome, there's really no telling yet.

What confuses me is how this seems to be a publicity case, but I'm sure that most of the people to whom it should apply are aware enough to realize that (assuming I'm correct). If that's the case, either it's a deterrent because they know other things would come to light, or ... Dunno, something seems a little off here.

jove9 · Post #7 » by **jove9** » Thu Nov 20, 2008 12:45 am

Or.... Stern's got friends in high places? :dontknow:

No?

Anyone?

Ok. Maybe not.

Carry on.
:oops: