Wikipedia: "On November 17, 2008, it was announced that the SEC charged Mark Cuban with insider trading in the shares of Mamma.com. A stock dilution occured shortly after the trade, which gave off red flags of inside knowledge at the time of the trade. As Martha Stewart discovered, the U.S. Goverment will aggressively pursue such cases against high-profile individuals as a part of its broader enforcement efforts." - Aram Zucker-Scharff

just like Martha ... such an inconsequential amount of money (to them) but couldn't keep the hand out of the cookie jar (if true ...) - Adam Ostrow

surprising to me. - Thomas Hawk

I think sometimes the arrogance and sense of entitlement is so large that the thought that they might be committing a crime never enters their thoughts. - Brian Sullivan

I wondered if his sharesleuth business wouldn't at some point come under insider trading. This doesn't have to do with that though. - Thomas Hawk

Isn't it a shame? You should see his latest blog post. Kinda points out how serious he was about not losing. I touched on it briefly: http://onlyjames.com/2008... - James Mowery from twhirl

I find it hard to believe Cuban would do something quite this stupid. If true, it must have been pure ego. - Kenton

I think it was the ego, Kenton. It is clearly obvious that he is a competitive guy and doesn't like to lose. - James Mowery

Well, Martha went to jail for lying about it. If she had fessed up and taken the fine, it would have blown over. Cuban, take note: it's not the crime, it's the cover up. - Kevin Pedraja

Rachel and I saw Mark Cuban's guest appearance on 'Don't Forget the Lyrics' last night and I said 'Oh, Mark's not a good person. He buys companies that give him the opportunity to sue other companies he doesn't like.' Funny that this news came out the next morning. - Kevin Fox

From his blog: "Mark Cuban today responded to a civil complaint filed by the United States Securities and Exchange Commission in the United States District for the Northern District of Texas, Dallas Division. In its complaint, the Commission charges that Mr. Cuban engaged in violations of the federal securities laws in connection with transactions in the securities of Mamma.com Inc. This matter, which has been pending before the Commission for nearly two years, has no merit and is a product of gross abuse of prosecutorial discretion. Mr. Cuban intends to contest the allegations and to demonstrate that the Commission’s claims are infected by the misconduct of the staff of its Enforcement Division. Mr. Cuban stated, “I am disappointed that the Commission chose to bring this case based upon its Enforcement staff’s win-at-any-cost ambitions. The staff’s process was result-oriented, facts be damned. The government’s claims are false and they will be proven to be so.” - Thomas Hawk