Mark Cuban charged with Insider Trading

 

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SEC formally charges Mark Cuban with insider trading.  He was charged with selling his shares of mamma.com (now known as Copernic) once he was informed of a secondary issuance of shares which led to the drop of the stock.  Cuban was said to have saved nearly $750,000 by selling the shares illegally.  Cuban was later convicted of a crime other than insider trading and was not forced to go to jail.