FanPost

SEC Charges Mark Cuban With Insider Trading

Fronted by Luke Thomas.

Mavericks owner and HDNet founder Mark Cuban was charged this morning with insider trading, as filed by the SEC. He is accused of selling his stock in mamma.com when receiving insider information, which reportedly saved him over 750 thousand dollars. This could have major implications on the world of MMA in that Cuban's HDNet could be facing troubling times, with this charge piling on to a shaky economical situation. Cuban may also never be allowed to pursue his own MMA organization, as he likely would not be allowed to be involved in gaming or promoting a sanctioned sporting event after this is all said and done. He is also looking at serious jail time. And even though Dana White seems to spare him while smearing his competitors, this latest development may put a little smirk on his face.

An article about the situation is available at Sportsline.

\The FanPosts are solely the subjective opinions of Bloody Elbow readers and do not necessarily reflect the views of Bloody Elbow editors or staff.

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