Posted by: walnotes | November 17, 2008

Cuban Screwed By Americans

 

Cuban Screwed By Americans

Cuban Screwed By Americans

 

 

40.  Cuban Screwed By Americans

The SEC report alleges that in 2004 Cuban sold over 600,000 shares of internet search company Mamma.com after receiving confidential information.

Specifically,  the report alleges that the CEO of Mamma.com contacted Cuban on June 28 to inform him of an investment by an investment bank. The CEO stressed to Cuban that all information in the conversation was confidential, to which Cuban allegedly replied, “Well, now I’m screwed. I can’t sell.”

http://www.nbcchicago.com/sports/basketball/Mark-Cuban-Charged-With-Insider-Training.html

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