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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.
for all i can tell, the guy registered "broadcast.com" in the 90s, created a pretty business plan, and sold out for billions at exactly the right time, and bought a basketball team
i applaud his timing and his luck and success, but i haven't the faintest idea as to why anything this guy ever did is of any interest to slashdot
intellectual property law is philosophically incoherent. it is your moral duty to ignore it or sabotage it
"Insider trading" can be very vauge and edge cases aren't clearly defined by statute or case law. Martha Stewart wasn't convicted of insider trading, she was convicted for obstruction of justice during the investigation (which might not have madei t to trial). If he shuts up, doesn't lie, and doesn't try to destroy evidence, he'll find it a lot easier to stay out of jail.
Do you even lift?
These aren't the 'roids you're looking for.
Yes. She was convicted of lying to investigators when she wasn't under oath and hadn't been warned that what she said might be used against her. Not only that, what she lied about must not have been a crime because she was never charged with anything else.
Now we know: never talk to the feds unless your lawyer's present, even if you don't think you've done anything against the law.
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You may be trying to be snide, but yes, you really should always have a lawyer present when that kind of heat is being applied to you. Federal investigators don't have to recite Miranda unless they're taking you under custody. (and depending on what kind of investigator they are, they might not have the authority to take you under custody.) And lying to a federal investigator is a serious no-no regardless of what the circumstances are. See 18 USC 1001. Simply put, don't lie when the feds come asking questions. It's a crime, plain and simple. Or, like parent said, don't say anything unless you have a lawyer present. Oh, and IANAL...yet.