Mark Cuban Charged With Insider Trading

Dallas Maverick’s owner Mark Cuban has been charged with insider trading by the SEC. After learning that mamma.com was raising money in a private offering, he dumped his 6% stake the very next day. Once it became public that mamma.com was privately raising money the stock dropped by more than 10%. By using his insider knowledge, Cuban saved himself an estimated $750,000 dollars in losses.

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