Cuban Just Latest Billionaire With Legal Troubles »
Posted By MyWayOnNow 1 year, 1 month ago in Science & TechnologyAnother of the world's richest people found themselves in trouble today after the Securities and Exchange Commission charged Dallas Mavericks owner Mark Cuban for allegedly illegally using inside information to avoid big losses on a dot-com stock.
The SEC filed the civil charges Monday in a federal court in Texas. The agency accused Cuban of selling 600,000 shares of Mamma.com, an Internet search company, because of information about the company's future that he got from the chief executive--information regular investors weren't privvy to.
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