Cuban in trouble w/ the Feds

[ohara831]

http://sports.espn.go.com/nba/news/story?id=3708124

This is what they got Martha Stewart for along with Lying the Feds. He may avoid jail if he doesn't lie to them. Maybe just pay huge $ and apologize. But if he lies, hey, if Martha does time, Mark can do time. Dont mess w/ the Feds!

[BIGCatBobcat]

It was 2004 when Cuban sold off his shares. He sold all of his 6% stake in mamma.com or whatever, the next day the stock bombs and he basically saved himself $750,000. Insider trading is shady as hell but isn't there a statute of limitations on something like this? 4 years? that's a long time.

[Keetch]

The damages are double the loss or $1.5M. Chump change for Cuban. I wonder why he bothered to cheat; probably didn't realize he was. Makes me think that probably about 95% of big investors do the same thing routinely. This is a frame-job.