Dallas Mavs owner, Mark Cuban is being accused of dumping shares of MAMMA.com based on his receipt of "confidential, inside information ". The SEC asserts that Cuban, a regular on Shark Tank, sold off his shares avoiding a $750,000 loss. Cuban, the outspoken entrepreneur denies this, and has vigorously defended the suit.
At the end of the day, Cuban probably faces a max $2 million penalty ....Chump change to him. He claims to be doing this to clear his name. Hey, makes good reading!
His real problem as I see it, is how can the Mavs possibly complete in the West?
Good luck Mark.
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