Entrepreneur Mark Cuban, owner of the National Basketball Association's Dallas Mavericks, was charged Monday by the Securities and Exchange Commission with insider trading.
According to the SEC, Cuban sold 600,000 shares of Internet search company Mamma.com in June 2004 using non-public information. Cuban is accused of calling his broker and instructing him to sell all of his stock from the Mamma.com after receiving confidential information from the company.
Uh oh. Turns out the following day, the stock price fell.
And on friday November 14th, oddly enough, Mark Cuban blogs I Hate to Lose.
I doubt Cuban will be commenting on his blog about this, but might as well subscribe to that RSS feed.