Mark Cuban Faces Charges of Insider Trading | Startup Meme - Technology Startup and Latest Tech News

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Nov 17 2008

Mark Cuban Faces Charges of Insider Trading

Bilal Hameed 

markcuban Mark Cuban Faces Charges of Insider Trading

Mark Cuban is facing a civil complaint for insider trading in Mamma.com, a search engine owned by Copernic. According to the charges Cuban knew that the company would be issuing additional stock, which prompted Cuban to sell his 600,000 shares before the public announcement and thus avoiding loss of around $750,000. If the charges are proved, Cuban will have to return the money with interest.

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