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Oct 13, 2008 Nov 06, 2009 3 239

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Happy Birthday!... This isn't junk...really

 Guess who's birthday it is?

Poll
If Bram Stoker was a vampire instead of just writing about one, he would be 161 years old today. I'm more of a zombie guy myself. If you had to be devoured by one of the undead, which would you choose?
Vampire
48 votes
Zombie
9 votes

57 votes | Poll has closed

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Cuban charged with insider trading...

Ooooooo, maybe we CAN get Nowitzki now....for cheap! Mark Cuban may need to free up some money really soon.

Go on Cuban!

http://money.cnn.com/2008/11/17/news/newsmakers/cuban_insider_trading/index.htm

NEW YORK (CNNMoney.com) -- Billionaire entrepreneur Mark Cuban, owner of the National Basketball Association's Dallas Mavericks, was charged Monday by the Securities and Exchange Commission with insider trading.

According to the SEC, Cuban sold 600,000 shares of Internet search company Mamma.com in June 2004 using non-public information.

Cuban is accused of calling his broker and instructing him to sell all of his stock from Mamma.com after receiving the confidential information from the company.

The SEC said Cuban learned that the company would raise money through a public offering, and he knew the stock price was about to fall.

When the offering was made public, the stock fell 9.3%, and Cuban avoided losses in excess of $750,000 by selling stock the day before, the SEC report said.

"As we allege in the complaint, Mamma.com entrusted Mr. Cuban with nonpublic information after he promised to keep the information confidential," Scott W. Friestad, Deputy Director of the SEC's Division of Enforcement said in the report. "Less than four hours later, Mr. Cuban betrayed that trust by placing an order to sell all of his shares."

Efforts to reach Cuban for comment were not immediately successful.

Cuban has been identified as one of the bidders for Major League Baseball's Chicago Cubs for about a year, after the team was put up for sale by owner Sam Zell, chief executive of the Tribune Company (TXA). But baseball sources told the Chicago-Sun Times last week that Cuban is unlikely to get the league's blessing despite his deep pockets. To top of page

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