Mark Cuban Fined $25K for Twitter Trash Talk

Internet billionaire and Dallas Mavericks owner Mark Cuban was filed $25,000 over the weekend for “tweeting” his thoughts about the elbow that Denver Nuggets player J.R. Smith threw at the Maverick’s Antoine Wright.

Cuban appears to have kept his sense of humor about the fine, though it strikes me as ludicrous, given the relatively innocuous nature of his comments (and frankly, footage that suggests that he was right).

Mark Cuban’s Very Good Point

Internet billionaire and Dallas Mavericks owner Mark Cuban may be facing an insider trading claim by the Securities & Exchange commission, but he has some useful advice regarding how to track down a real crook. At his site, Blog Maverick, Cuban says that were he working for the SEC or a news organization assigned to cover […]

Mark Cuban in Serious Trouble: SEC Files Insider Trading Charges Against Him

Sharesleuth.com describes itself as an “independent Web-based reporting aimed at exposing securities fraud and corporate chicanery… Call it journalism. Call it investigative blogging. Call it what you will.”

We’ll call it “ironic,” given that the SEC has just filed insider-trading charges against Sharesleuth’s main backer, tech billionaire Mark Cuban.

The SEC alleges that Cuban sold his 6% stake in Canadian-based Internet search company Mamma.com in 2004, after being told by management that it was going to announce a PIPE financing. According to the SEC, Cuban, who has called PIPE financings “a huge red flag,” almost immediately

PEHUB Community

Join the 12506 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

PE HUB News Briefs

RSS Feed Widget

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget