Home Mail MemberMap Chat (0) Wallpapers
Go Back   ChiefsPlanet > The Lounge

Reply
 
Thread Tools Display Modes
Old 11-17-2008, 10:43 AM  
Goapics1 Goapics1 is offline
Ghetto Superstar
 
Goapics1's Avatar
 
Join Date: Apr 2005
Location: Midwest
Casino cash: $12925
OT: Mavs owner Mark Cuban charged by Feds for insider trading

Monday, November 17, 2008
Feds charge Mavs owner Cuban with insider trading

--------------------------------------------------------------------------------
ESPN.com news services

WASHINGTON -- Federal regulators have charged Dallas Mavericks owner Mark Cuban with insider trading for allegedly using confidential information on a stock sale to avoid more than $750,000 in losses.

The Securities and Exchange Commission filed a civil lawsuit against Cuban on Monday in federal court in Dallas. The agency says that in June 2004, Cuban was invited to get in on the coming stock offering by Mamma.com Inc. after he agreed to keep the information private.

The SEC says Cuban knew the shares would be sold below the current market price, and a few hours after receiving the information, told his broker to sell all shares in the search engine company.

"As we allege in the complaint, Mamma.com entrusted Mr. Cuban with nonpublic information after he promised to keep the information confidential. Less than four hours later, Mr. Cuban betrayed that trust by placing an order to sell all of his shares," Scott W. Friestad, deputy director of the SEC's Division of Enforcement, said in a statement. "It is fundamentally unfair for someone to use access to nonpublic information to improperly gain an edge on the market."

According to the SEC, the complaint seeks to permanently enjoin Cuban from future violations of the federal securities laws, disgorgement (with prejudgment interest), and a financial penalty.

Information from The Associated Press was used in this report.

http://sports.espn.go.com/nba/news/story?id=3708124
Posts: 4,750
Goapics1 is a favorite in the douche of the year contest.Goapics1 is a favorite in the douche of the year contest.Goapics1 is a favorite in the douche of the year contest.Goapics1 is a favorite in the douche of the year contest.Goapics1 is a favorite in the douche of the year contest.Goapics1 is a favorite in the douche of the year contest.
  Reply With Quote
Old 11-17-2008, 10:44 AM   #2
KurtCobain KurtCobain is offline
Banned
 
KurtCobain's Avatar
 

Join Date: Oct 2006
Location: Ban City, USA
Casino cash: $14798240
lock him up.
Posts: 19,189
KurtCobain has parlayed a career as a truck driver into debt free trailer and jon boat ownership.KurtCobain has parlayed a career as a truck driver into debt free trailer and jon boat ownership.KurtCobain has parlayed a career as a truck driver into debt free trailer and jon boat ownership.KurtCobain has parlayed a career as a truck driver into debt free trailer and jon boat ownership.KurtCobain has parlayed a career as a truck driver into debt free trailer and jon boat ownership.KurtCobain has parlayed a career as a truck driver into debt free trailer and jon boat ownership.KurtCobain has parlayed a career as a truck driver into debt free trailer and jon boat ownership.KurtCobain has parlayed a career as a truck driver into debt free trailer and jon boat ownership.KurtCobain has parlayed a career as a truck driver into debt free trailer and jon boat ownership.KurtCobain has parlayed a career as a truck driver into debt free trailer and jon boat ownership.KurtCobain has parlayed a career as a truck driver into debt free trailer and jon boat ownership.
  Reply With Quote
Old 11-17-2008, 10:48 AM   #3
Demonpenz Demonpenz is offline
Getting Hectic
 
Demonpenz's Avatar
 

Join Date: Nov 2003
Location: Apartment "G UNIT!"
Casino cash: $134565
damn he is my favorite billionaire.
Posts: 44,194
Demonpenz is obviously part of the inner Circle.Demonpenz is obviously part of the inner Circle.Demonpenz is obviously part of the inner Circle.Demonpenz is obviously part of the inner Circle.Demonpenz is obviously part of the inner Circle.Demonpenz is obviously part of the inner Circle.Demonpenz is obviously part of the inner Circle.Demonpenz is obviously part of the inner Circle.Demonpenz is obviously part of the inner Circle.Demonpenz is obviously part of the inner Circle.Demonpenz is obviously part of the inner Circle.
  Reply With Quote
Old 11-17-2008, 11:40 AM   #4
Basileus777 Basileus777 is offline
MVP
 
Basileus777's Avatar
 

Join Date: Jan 2006
Location: New Jersey
Casino cash: $34199
My condolences Cuban, but I'll always remember how you gifted us with Devin Harris, Ryan Anderson, and a 2010 lotto pick. If you feel the need to unload Dirk or any more draft picks before you go to jail, Rod Thorn is willing to entertain your offers.
Posts: 8,414
Basileus777 is not part of the Right 53.Basileus777 is not part of the Right 53.Basileus777 is not part of the Right 53.Basileus777 is not part of the Right 53.Basileus777 is not part of the Right 53.Basileus777 is not part of the Right 53.Basileus777 is not part of the Right 53.Basileus777 is not part of the Right 53.Basileus777 is not part of the Right 53.Basileus777 is not part of the Right 53.Basileus777 is not part of the Right 53.
  Reply With Quote
Old 11-17-2008, 11:46 AM   #5
Boon Boon is offline
a.k.a. Lenny
 
Boon's Avatar
 

Join Date: Oct 2004
Location: Smack dab in the middle
Casino cash: $30335
Ask if you can have Marths Stewart's old cell. I'll bet it's decorated pretty nice.
Posts: 1,664
Boon is not part of the Right 53.Boon is not part of the Right 53.Boon is not part of the Right 53.Boon is not part of the Right 53.Boon is not part of the Right 53.Boon is not part of the Right 53.Boon is not part of the Right 53.Boon is not part of the Right 53.Boon is not part of the Right 53.Boon is not part of the Right 53.Boon is not part of the Right 53.
  Reply With Quote
Old 11-17-2008, 11:49 AM   #6
StcChief StcChief is offline
Playing for #1 Draft Pick
 
StcChief's Avatar
 

Join Date: Oct 2003
Location: Just West of Lambs land
Casino cash: $1024715
dude....mr rich bachelor what are you thinkin'
Posts: 25,902
StcChief is the dumbass Milkman is always talking aboutStcChief is the dumbass Milkman is always talking aboutStcChief is the dumbass Milkman is always talking aboutStcChief is the dumbass Milkman is always talking aboutStcChief is the dumbass Milkman is always talking aboutStcChief is the dumbass Milkman is always talking aboutStcChief is the dumbass Milkman is always talking aboutStcChief is the dumbass Milkman is always talking aboutStcChief is the dumbass Milkman is always talking about
  Reply With Quote
Old 11-17-2008, 11:49 AM   #7
vailpass vailpass is offline
Yah Mules!
 
vailpass's Avatar
 

Join Date: Sep 2001
Casino cash: $99231619
Anyone think he will do even one day in jail?
On the one hand they love to make examples out of high-profile people on the other hand the brother's net worth starts with a 'B' and is plural.
__________________
It don't matter what line we hand you
When we come a crawlin' in.
We ain't wrong, we ain't sorry,
An' it's probably gonna happen again.

T. Byrd
Posts: 36,339
vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.vailpass is obviously part of the inner Circle.
  Reply With Quote
Old 11-17-2008, 12:05 PM   #8
bkkcoh bkkcoh is offline
MVP
 

Join Date: Aug 2000
Location: Lewis Center, Ohio USA
Casino cash: $8410
Quote:
Originally Posted by vailpass View Post
Anyone think he will do even one day in jail?
On the one hand they love to make examples out of high-profile people on the other hand the brother's net worth starts with a 'B' and is plural.
Can you say Martha?
__________________
Brian K.
Aspire to Inspire before you Expire
Posts: 5,232
bkkcoh is a favorite in the douche of the year contest.bkkcoh is a favorite in the douche of the year contest.bkkcoh is a favorite in the douche of the year contest.bkkcoh is a favorite in the douche of the year contest.bkkcoh is a favorite in the douche of the year contest.bkkcoh is a favorite in the douche of the year contest.
  Reply With Quote
Old 11-17-2008, 12:06 PM   #9
Goapics1 Goapics1 is offline
Ghetto Superstar
 
Goapics1's Avatar
 

Join Date: Apr 2005
Location: Midwest
Casino cash: $12925
Quote:
Originally Posted by bkkcoh View Post
Can you say Martha?
She went to jail for perjury IIRC not this. Just fined for SEC violations.
Posts: 4,750
Goapics1 is a favorite in the douche of the year contest.Goapics1 is a favorite in the douche of the year contest.Goapics1 is a favorite in the douche of the year contest.Goapics1 is a favorite in the douche of the year contest.Goapics1 is a favorite in the douche of the year contest.Goapics1 is a favorite in the douche of the year contest.
  Reply With Quote
Old 11-17-2008, 12:14 PM   #10
googlegoogle googlegoogle is offline
Banned
 

Join Date: Nov 2008
Casino cash: $1040734
I always thought he was a douchebag. His joke of a company that got him billions was hardly worth it. Stupid yahoo.
Posts: 4,698
googlegoogle < Casselgooglegoogle < Casselgooglegoogle < Casselgooglegoogle < Casselgooglegoogle < Casselgooglegoogle < Casselgooglegoogle < Casselgooglegoogle < Casselgooglegoogle < Casselgooglegoogle < Casselgooglegoogle < Cassel
  Reply With Quote
Old 11-17-2008, 12:23 PM   #11
mikeyis4dcats. mikeyis4dcats. is online now
Scarlett Johansson's boytoy
 
mikeyis4dcats.'s Avatar
 

Join Date: Nov 2006
Casino cash: $52726
Quote:
Originally Posted by vailpass View Post
Anyone think he will do even one day in jail?
On the one hand they love to make examples out of high-profile people on the other hand the brother's net worth starts with a 'B' and is plural.
no, in fact if you read the article thats not even an option listed.
Posts: 9,402
mikeyis4dcats. Forgot to Remove His Claytex and Got Toxic Shock Syndrome.mikeyis4dcats. Forgot to Remove His Claytex and Got Toxic Shock Syndrome.mikeyis4dcats. Forgot to Remove His Claytex and Got Toxic Shock Syndrome.mikeyis4dcats. Forgot to Remove His Claytex and Got Toxic Shock Syndrome.mikeyis4dcats. Forgot to Remove His Claytex and Got Toxic Shock Syndrome.mikeyis4dcats. Forgot to Remove His Claytex and Got Toxic Shock Syndrome.mikeyis4dcats. Forgot to Remove His Claytex and Got Toxic Shock Syndrome.mikeyis4dcats. Forgot to Remove His Claytex and Got Toxic Shock Syndrome.mikeyis4dcats. Forgot to Remove His Claytex and Got Toxic Shock Syndrome.mikeyis4dcats. Forgot to Remove His Claytex and Got Toxic Shock Syndrome.mikeyis4dcats. Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
  Reply With Quote
Old 11-17-2008, 12:28 PM   #12
Basileus777 Basileus777 is offline
MVP
 
Basileus777's Avatar
 

Join Date: Jan 2006
Location: New Jersey
Casino cash: $34199
Quote:
Originally Posted by mikeyis4dcats. View Post
no, in fact if you read the article thats not even an option listed.
Not yet, but this is only the beginning. The U.S. Attorney in Dallas will determine whether Cuban should face criminal charges as well.
Posts: 8,414
Basileus777 is not part of the Right 53.Basileus777 is not part of the Right 53.Basileus777 is not part of the Right 53.Basileus777 is not part of the Right 53.Basileus777 is not part of the Right 53.Basileus777 is not part of the Right 53.Basileus777 is not part of the Right 53.Basileus777 is not part of the Right 53.Basileus777 is not part of the Right 53.Basileus777 is not part of the Right 53.Basileus777 is not part of the Right 53.
  Reply With Quote
Old 11-17-2008, 12:53 PM   #13
Ari Chi3fs Ari Chi3fs is offline
Winners Pick Up Wrappers.
 
Ari Chi3fs's Avatar
 

Join Date: Oct 2003
Location: University of Kansas
Casino cash: $1013767
Seriously, who here believes that many, many multi-millionaires were told to get out of the market due to its impending created crash? I do. Many of the world wealthiest people, were advised by those in the know, to get out before they pulled the plug.

Insider trading happens everyday. The dude has multibillions... this was to avoid 750,000 in losses. BFD. The real assholes are way higher on the food chain.





TAGS: Mark Cubans Buy the Royals!, **** David Glass, Ari Wears Tinfoil
__________________


Posts: 26,971
Ari Chi3fs has just been standing around suckin' on a big ol' chili dog.Ari Chi3fs has just been standing around suckin' on a big ol' chili dog.Ari Chi3fs has just been standing around suckin' on a big ol' chili dog.Ari Chi3fs has just been standing around suckin' on a big ol' chili dog.Ari Chi3fs has just been standing around suckin' on a big ol' chili dog.Ari Chi3fs has just been standing around suckin' on a big ol' chili dog.Ari Chi3fs has just been standing around suckin' on a big ol' chili dog.Ari Chi3fs has just been standing around suckin' on a big ol' chili dog.Ari Chi3fs has just been standing around suckin' on a big ol' chili dog.Ari Chi3fs has just been standing around suckin' on a big ol' chili dog.Ari Chi3fs has just been standing around suckin' on a big ol' chili dog.
  Reply With Quote
Old 11-17-2008, 01:17 PM   #14
POND_OF_RED POND_OF_RED is offline
The talking stonehead
 
POND_OF_RED's Avatar
 

Join Date: Feb 2006
Location: Blue Springs, MO
Casino cash: $36022
Dammit. Just one more reason for him not to be an acceptable bidder for the Cubs.
Posts: 2,481
POND_OF_RED is not part of the Right 53.POND_OF_RED is not part of the Right 53.POND_OF_RED is not part of the Right 53.POND_OF_RED is not part of the Right 53.POND_OF_RED is not part of the Right 53.POND_OF_RED is not part of the Right 53.POND_OF_RED is not part of the Right 53.POND_OF_RED is not part of the Right 53.POND_OF_RED is not part of the Right 53.POND_OF_RED is not part of the Right 53.POND_OF_RED is not part of the Right 53.
  Reply With Quote
Old 11-17-2008, 02:53 PM   #15
Hermcock Hermcock is offline
Banned
 

Join Date: Nov 2008
Casino cash: $2328
Quote:
Originally Posted by SEA_OF_RED View Post
Dammit. Just one more reason for him not to be an acceptable bidder for the Cubs.
Wouldn't surprise me if The Club created this dirt to keep Cuban in his place. The Club didn't have a legitimate reason to keep Cuban out of baseball if he had the highest bid for the Cubs. Now they have sufficient reason to keep him out.
Posts: 123
Hermcock is a favorite in the douche of the year contest.Hermcock is a favorite in the douche of the year contest.
  Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump


All times are GMT -6. The time now is 03:29 PM.


Powered by vBulletin® Version 3.8.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.