Mark Cuban Charged With Insider Trading

November 17, 2008 11:31 AM EST
SEC charged Mark Cuban with insider trading from when he was a shareholder of, now called Copernic (Nasdaq: CNIC). CNBC reported that Mark Cuban sold his 600,000 shares which saved him $750,000, after Cuban had insider knowledge on a dilutive equity offering.

It has been widely speculated that Cuban is in the lead to buy the Chicago Cubs. Hopefully, this SEC allegation doesn't prevent him from buying the Cubs.

Mark Cuban is the owner of the Dallas Mavericks and the successful entrepreneur that sold his to Yahoo (Nasdaq: YHOO).
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