Billionaire Mark Cuban indicted on insider trading charges

[KSig RC]

Originally Posted by Kevin

Yep.



He's a jackass.

. . . except there's a decent chance he's right, if you look at attendance (especially road attendance) figures; this is beside the fact that the owner who took the team from Seattle is a first-rate cockbag who lied about literally everything, including in his dep(s).

This seems like kind of a long shot for a criminal phase, at least from a purely outside point of view, although Kevin's exactly right - this amount of money is effectively trivial for the guy, so it may just be the tip of the iceberg.

[KSigkid]

Originally Posted by KSig RC

. . . except there's a decent chance he's right, if you look at attendance (especially road attendance) figures; this is beside the fact that the owner who took the team from Seattle is a first-rate cockbag who lied about literally everything, including in his dep(s).

Exactly - I mean, you may disagree with him, especially because you're from the area, but the statement wasn't that egregious, in my opinion.

I'll agree with the two of you, though, that this may be part of a pattern. The SEC may be doing this with more of a long view, or they may have more information about other transactions than they're releasing to the public.

From talking to professors and people who know the process, my understanding is that most of the people in Cuban's position work out a deal with the SEC, make some sort of apology, and that's it. I'm wondering if his public criticism of the investigators will come back to bite him.

Or, maybe he'll just lie about it like Martha...

[Kevin]

Originally Posted by KSig RC

. . . except there's a decent chance he's right, if you look at attendance (especially road attendance) figures; this is beside the fact that the owner who took the team from Seattle is a first-rate cockbag who lied about literally everything, including in his dep(s).

We'll see in a couple of years. Right now, there's a definite honeymoon. Our season tickets sold out in 5 days. The team is 1-8, but we're #12 in the league in attendance right now. The road attendance figures are easy -- no one cares when a 1-8 team comes to town for a beat down by the home team. All of the teams doing better than OKC in attendance are playoff contenders, fwiw.

Next year, we'll have another high draft pick and hopefully be rid of Carlesimo. With all that young talent, I think we have a decent team for next year.

/end hijack