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Fightlinker


Besides their delicious bean-dip recipes and an aptitude for feng-shui, that is.
The Securities and Exchange Commission has charged Dallas Mavericks owner and internet entrepreneur Mark Cuban with insider trading.

The complaint claims that in 2004 Cuban learned of a private offering of Mamma.com (now known as Copernic) that would decrease the value of his 600,000 shares. It says he then sold off his stake and as a result, reportedly saved $750,000.

"As we allege in the complaint, Mamma.com entrusted Mr. Cuban with nonpublic information after he promised to keep the information confidential. Less than four hours later, Mr. Cuban betrayed that trust by placing an order to sell all of his shares," said Scott W. Friestad, deputy director of the SEC's Division of Enforcement."It is fundamentally unfair for someone to use access to nonpublic information to improperly gain an edge on the market."

Holy shit, it's official! The UFC is taking down all of their enemies with hardball tactics. Think about it: A month ago they had the double agent team of Ken Shamrock and Seth Petruzelli pull a one-two combo that killed ProElite. And then last week they dug up Todd Beard's dirty past and forced him out off Affliction. Now they're sinking Mark Cuban!!!!!!!!!!!!!

Next week I fully expect to see pictures magically appear on the internet featuring Tom Atencio sticking a gerbil up Donald Trump's rectum. Jay Larkin has already stepped down from the IFL rather than risk facing the wrath of the UFC. What dreaded fate will Scott Coker face if Strikeforce continues to flourish?

*UPDATE* On a less retarded note, it's worth mentioning that this is a civil suit being filed, not a criminal one. Which means regardless of what happens, we won't be seeing Cuban thrown into a resort-prison any time soon.
pwdmarcello
He's luckier than Martha. Since it's the SEC, it's a civil enforcement, rather than criminal.
cyph
Damn, FL, you actually made a funny.
steve4192
Don't forget that the UFC was also responsible forthe Pride Yakuza scandal, the raid on the warehouse where Rio Heroes was being held, and I'm pretty sure global warming is their doing also.

Damn you Zuffa!!!

Damn you all to hell!!!
godzillad
Coker and Zuffa are tight like Dave Chappelle and his penis, they're safe from anything happening to them. In face, Dana has said in the past that they are the best promotion next to his.
Catfish
Zuffa stands for Zionist Unitarians Fulfilling Fighting Atrocities.
Fightlinker
Ah yes, forgot about those two. Don't step up to the Fertitas man, they're like high level Skulls and shit
robthom
First Yamma, then Wamma, now Mamma ?
Are they trying to court the overgrown burbling baby demographic or what ?
Ruggertenthousand
A lot of SEC complaints are referred and often lead to a criminal investigation. Since this is a high profile person like Cuban, I'm sure they will look into it. Martha was taken down and went to the big house because of lying to the FEDS, NOT insider trading FYI. Related to the SEC complaint, it will more than likely ultimately be settled "without admitting or denying anything" on the part of Cuban. The SEC normally looks for treble damages on the disgorged profit ( or in this case savings of a loss by selling ) $ 750,000 X 3 = $ 2,250,000 = chump change for Cuban.
Hopefully for him he donated cash to the Democratic party.
pwdmarcello
Justice could be trying to indict Cuban right now. As grand jury proceedings are secret, Justice could not comment on ongoing grand jury proceedings.
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