Monday, November 17, 2008

Insider Trading – Mark Cuban Indicted

Do not anger Federal law enforcement agencies unless you are willing to fight – sometimes for your freedoms. According to news reports, Dallas Mavericks owner Mark Cuban has been indicted for insider trading. Until he is proven guilty, Mr. Cuban is innocent as a matter of law. Nevertheless, his aggressive attacks on the SEC has involves serious risk. Given the severity of his attacks, he is unlikely to be able to negotiate a friendly, favorable settlement.

Bottom Line: It looks like he will be going to trial. As a Mavericks fan, I hope he doesn't end up like Martha Stewart.


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