Cuban was a big funder for the Democrats, particularly hard left Democrats, and the Obama campaign. One set of rules for them, another for the rest of us. I'm going to enjoy this one ...
The Securities and Exchange Commission has charged Dallas Mavericks owner and internet entrepreneur Mark Cuban with insider trading.
The complaint claims that in 2004 Cuban learned of a private offering of Mamma.com (now known as Copernic) that would decrease the value of his 600,000 shares. It says he then sold off his stake and as a result, reportedly saved $750,000. "As we allege in the complaint, Mamma.com entrusted Mr. Cuban with nonpublic information after he promised to keep the information confidential. Less than four hours later, Mr. Cuban betrayed that trust by placing an order to sell all of his shares," said Scott W. Friestad, deputy director of the SEC's Division of Enforcement."It is fundamentally unfair for someone to use access to nonpublic information to improperly gain an edge on the market."
Cuban has responded to the complaint and posted a brief statement on his blog Monday afternoon denying the allegations. "I am disappointed that the Commission chose to bring this case based upon its Enforcement staff's win-at-any-cost ambitions. The staff's process was result-oriented, facts be damned. The government's claims are false and they will be proven to be so," he said.
The post also includes a statement from his lawyer, Ralph C. Ferrara, Esq. with Dewey Cheatham and Howe & LeBoeuf LLP, saying the matter "has no merit and is a product of gross abuse of prosecutorial discretion," and "that the Commission's claims are infected by the misconduct of the staff of its Enforcement Division."
Cuban, who is involved in a number of ventures and is currently trying to buy the Chicago Cubs baseball team, is also the majority partner of sharesleuth.com, an independent web-based reporting site aimed at exposing securities fraud and corporate chicanery.
Wonder if they have anything on this, heh ...
Posted by: Steve White ||
11/17/2008 14:26 ||
Comments ||
Link ||
[9 views]
Top|| File under:
#1
I don't think this article belongs in this section. While seedy politicians are always douchebags, douchebags, like Cuban, are not always politicians.
Posted by: Scott R ||
11/17/2008 18:14 Comments ||
Top||
#2
'Seedy politicians', according to Fred, includes their enablers, so I think Cuban is in (along with MoDo ...)
Posted by: Steve White ||
11/17/2008 18:21 Comments ||
Top||
#5
Thanks for mentioning our firm. At Dewey Cheatham & Howe, we aim to deliver the best results for our clients, and of course ourselves, regardless of how much damage it does to others. We'll keep it up. Your kind thoughts truly boost our spirits.
#2
Boat Days are a unique historical aspect of Hawaii's cruise ship industry. Boat Days date back to 1872, when the Royal Hawaiian Band in Honolulu played whenever King William Lunalilo went on an ocean trip. Later, the band greeted ocean liners that brought visitors and relatives to Hawaii. Thousands of people gathered onshore to meet and greet arriving vessels. Welcoming festivities included hula and music and the distribution of flower lei and streamers. Boat Days faded in the 1960s when air travel began to surpass ocean travel.
Obama's mother probably travelled by ship to the mainland and the O may well have been born onboard.
MORE MAHA-RUSHIE LIMBAUGHIAN "HISTOIRE" FOR THE US SUPREME COURT, VV THE US CONSTITUTION:
* POTUS CLINTON > admits/claims to being POTUS twice by elex fraud, + that stainy impeached- for-perjury thingy. "MONICA'S WAR"???
* POTUS BUSH > FLORIDA 2000 [Al Gore].
* POTUS-ELECT BARACK OBAMA = "JFKennedy-bama/Barack-FK" + BAMELOT > NOT ONLY PERSONAL LEGAL-CONSTITUT POTUS ELIGIBILITY, BUT ALSO VEE THE GENERAL ANDOR SPECIFIC RIGHT OF US CITIZENS BORN OUTSIDE OF CONUS, INCLUDING BUT NOT LIMITED TO AREAS OF US JURISDICTION, TO RUN AND BECOME POTUS???
Lest we fergit, US NINTH COURT > THE USA PER SE IS AN ILLEGAL AND UNCONSTITUTIONAL NATION, a decision which the US Ninth has NOT nullified, only ruled as unenforceable = take no action.
No one should be surprised, then that 9-11/WOT > WAR FOR/AGZ THE US CONSTITUTION + AMERICAN PROCESS, ETC. = CONSTITUTIONAL 9-11!?
#6
Spot on lotp. How much more "screwed up" can one get than being multi-alias, self-admitted cocain user, rabid abortionist, birth certificate hiding, pathologic lier, hate church attendee, non-USCIT, flag lapel pin refusing, non-pledge of allegiance reciting, madrass attending, friend of Ayers? Screwing up won't stop this lad.
#9
Well, for right now I'm pinning my hopes on a Palin/Jindal ticket in 2012.
Posted by: Rambler in Virginia ||
11/17/2008 20:50 Comments ||
Top||
#10
52 percent of America elected this guy. 100% of America will get to pay for the mistake. We're in serious trouble and it's going to get a lot worse before it gets better.
A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.
Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.
