charged internet entrepreneur
Submitted by Prescott on Mon, 11/17/2008 - 1:12pm.
The SEC has charged internet entrepreneur and NBA Dallas Mavericks owner Mark Cuban with insider trading over shares of Mamma.com. The high-profile complaint—the press release is highlighted on SEC.gov at the moment—alleges that in June 2004, Cuban sold 600,000 shares of the search engine company's stock within hours of receiving confidential information that the company was about make a stock offering that would dilute existing holdings.
