As it’s probably safe to assume in the case of all billionaires, Mark Cuban may have allegedly engaged in insider trading.
Like the Shaq ejection, the Ballersphere is treating this like Watergate or something, but according to some random dude that Henry Abbott dug up, the only likely recourse against Cubes — if he isn’t exonerated outright — will likely be that he has to pay back $1 million. Stop the presses.
So if you’re scoring at home, kiddies, the lesson here is that unfairly manipulating the capitalist system that is the foundation of this country for your own personal financial benefit is an offense roughly on par with repeatedly criticizing referees. Sounds about right.
Besides, we all know his role in the Devin Harris trading incident was much more egregious and unforgivable.
And for what it’s worth, here’s Cuban’s official statement:
“I am disappointed that the Commission chose to bring this case based upon its Enforcement staff’s win-at-any-cost ambitions. The staff’s process was result-oriented, facts be damned. The government’s claims are false and they will be proven to be so.”
"I wipe my ass with a million dollars."
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