Cuban vs. the SEC

Hattip: SAPPERs in Afghanistan

Mark Cuban in trouble.

Seems the SEC thinks the most excitable NBA Owner ever, Mark Cuban, knew about something going down at one of his old companies, Mamma.com and proceeded sell his entire six percent stake. The sale was the precursor to a ten percent drop in the stock of the company.

In essence, Mark sold his shares on June 28, 2004. The company revealed it was using PIPE funding and the stocks dropped. Time will tell if Mark can outsmart the SEC.

Posted 11/17/08 by Rich | Filed under: NBA

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