Interesting timing on that insider trading charge
Mark Cuban, celebrity businessman of "Dancing with the Stars" fame, the Dallas Mavericks and several movie roles, has been charged with insider trading. Says Wired:
Not that I'm making any accusations, but ... Interesting timing, that.
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.Coincidentally, I'm sure, Cuban recently bankrolled the site, BailoutSleuth.com, which is tasked with tracking the distribution of the federal government's $700 billion boondoggle ... err ... bailout.
Not that I'm making any accusations, but ... Interesting timing, that.
Labels: government out of bounds, spending
posted by J.D. Tuccille at
9:28 AM
1 Comments:
I'll take "Actions resembling the action of being Wesley Snipe'd by the Federal Government" for $100.00J.D
M.S, Phoenix.
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