Mark Cuban is Innocent of Insider Trading
November 17, 2008 by Stephen Kersey
Filed under Sports Rumors
On Monday, the SEC filed a civil lawsuit against Mark Cuban claiming that Cuban engaged in insider trading. Cuban, the vivacious owner of the NBA’s Dallas Mavericks, responded by basically saying the SEC was carrying out a witch hunt. Most legal experts say that the billionaire owner will be forced to pay a fine of around one million dollars.
Although these allegations are serious, I have to side with Cuban. I don’t think he’s capable of making a good trade — which is what insider trading generally means. I mean, this is the same owner who approved a trade for Jason Kidd.
In case you haven’t been watching, Kidd has been just good enough to lead the Mavericks down the cellar. While Kidd hasn’t been horrible, the Mavs miss the play of the young point guard they traded away — Devin Harris.
With only three wins if their first ten games of the season, the Mavericks are going nowhere fast. If this team were owned by a billionaire who knows how to make crafty trades by bending the rules, they wouldn’t be in this predicament.
Mark Cuban is Innocent!
