SEC: Cuban involved with insider trading

17 Nov

NEW YORK — Dallas Mavericks owner Mark Cuban was involved with insider trading back in June 2004, the U.S. Security and Exchange Commission (SEC) announced Monday. The news about Cuban, known for his passion and inability to keep his enormous yap shut, wasn’t a shock to many people. But there was one Mavericks fan living in New York who was very vocal about the outspoken owner.

“So you’re telling me he can trade away shares of his garbage stocks, but he can’t trade away the dead weight giving the Mavs a 3-7 record?” asked Al Harrington of Dix Hills, N.Y. “Well, now it’s official. As of right this second, I’m officially a fan of the New York Knicks.”
What Harrington failed to realize was the frustrations and despair that comes along with rooting for the Knicks. After he watches his first game as a fan of New York basketball, we will follow up to see if he has decided to retract that statement.
As for Cuban, he could not be reached for comment about Harrison’s defection to the Knicks. Sources say that Cuban was busy in a closed-door meeting involving some bad stocks that are slated to tank later in the week.
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2 Responses to “SEC: Cuban involved with insider trading”

  1. bucs4life1 November 18, 2008 at 5:15 pm #

    how does cuban not have financial advisers that say “hey don’t do this, this could be construed as insider trading”?

  2. 250harbor November 20, 2008 at 10:36 am #

    This just proves that everything associated with the NBA is fixed. First it’s Donaghey… Now it’s Cuban. When is Vince McMahon gonna get a team?

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