Mega millionaire or is it billionaire Mark Cuban has been charged with insider trading. Anyone who is surprised raise your hand. Apparently is has to do with selling some 600,000 shares of internet search engine Mamma.com. So the question is why now? Surely this is not the first deal Mark Cuban has done that could be questioned. In fact the Securities and Exchange Commission could file these charges daily if ti so desired. “Insider trading cases are a high priority for the commission,” said Linda Chatman Thomsen, director of the SEC’s Division of Enforcement. “This case demonstrates yet again that the commission will aggressively pursue illegal insider trading whenever it occurs. Whatever !
One would have to wonder if it has anything to do with Major League Baseball trying to exclude Mark Cuban and his bid to buy the Chicago Cubs, not that they needed a reason. Maybe that is just me , but the timing is certainly spot on.
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