Mark Cuban Charged With Insider Trading

geekboy_x writes "The SEC today charged Mark Cuban with insider trading violations, alleging that he divested himself of stock in mamma.com before the stock was diluted via a public offering." Something tells me that the billionaire blogger won't be talking about this one publicly any time soon.

Comments

Re:Wrong, He Has a Blog Post On It

[Doc Ruby]

Even if he's guilty, of course selective prosecution matters. It doesn't change whether he's guilty, but it does show how seriously not credible is the agency that's selectively prosecuting him. Even if he is actually guilty, a verdict from such a corrupt agency is hard to take as proof that he's guilty.

FWIW, what little you heard is just the initial press response repeating the SEC's charges. If that were enough to decide guilt, Bush would have had all 60M people who vote Democratic behind bars over the past 8 years. In fact, we might even have, say, invaded Iraq amidst fanfare and WMD hysteria if we all just believed whatever the press initially reported when a Bush agency told us one of its enemies was guilty of something.