Mark Cuban, owner of the Dallas Mavericks, is the latest inside trader that is going to be go to jail.
SEC has filed charges that Mark had insider information when he sold his 600,000 stocks of Mamma.com. Several days later the company announced a stock offering and as expected within several weeks Mamma.com stocks went from $13.50 to $8 per share.
It is amazing at the cost that we will have to suffer to try someone that is obviously guilty according to statements made.
Monday, November 17, 2008
The new inside trader, Mark Cuban
Posted by Ralph at 11:06 AM
Labels: Dallas Mavericks, inside trading, Mark cuban, world stock markets
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