Comments on: Mark Cuban versus SEC: Insider trading or insider politics

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By: GeekMBA360

GeekMBA360 — Wed, 19 Nov 2008 22:17:52 +0000

Thanks for the balanced report, Venture Beat! Since this news was first reported a few days ago, it seemed that every media outlets were making fun of Mark Cuban, without even mentioning his side of the story.

I don't know Mark Cuban. But, I have to say that until he is convicted, we should give Mark a chance. The media is just way too biased in their reporting.

I've always liked VentureBeat because you guys provides serious journalism, and you offer different perspectives. Valleywag, Techcrunch, Gigamom might go away one day, but I definitely wish VentureBeat long-term sustainable success.

cheers.

By: Mark Cuban versus SEC: Insider trading or insider politics … | forexrecommendation.com

Wed, 19 Nov 2008 21:58:55 +0000

[...] Continued [...]

By: Mark Cuban versus SEC: Insider trading or insider politics … | forexintraday.com

Wed, 19 Nov 2008 17:55:41 +0000

[...] See original here [...]

By: Contentinople - R. Scott Raynovich - Cuban Files: He Said, SEC Said

Contentinople - R. Scott Raynovich - Cuban Files: He Said, SEC Said — Wed, 19 Nov 2008 16:10:26 +0000

[...] In another twist, The New York Times has published details about a letter exchanged between Cuban and an SEC official regarding a bitter argument about politics

By: Nye Lavalle

Nye Lavalle — Wed, 19 Nov 2008 11:33:12 +0000

Mark Cuban is a great an honest man and someone I have known for years. I have seen his hard work and dedication for years. I recall buying Apple Mac IIs from his computer shop in Dallas where we first met.
I have seen him grow his business from squat to a billion dollar fortune. Yes, he is loud, brash, and bold. SO WHAT? That’s what great and BOLD visionaries are made of. (see Richard Branson).
Everyone has a different temperament and some of us, like Mark and myself, like to break the mold and expose corruption, incompetence, abuse, and arrogance of power.
Mark is one of the most ethical and honest owners in sports and fights for his players and those he cares for. How many team owners really care for their fans and give them free airplane trips.
Knowing the corruption of the Bush Administration personally and its refusal to expose and fight Wall St corruption the past 8 years, this entire ordeal smacks of Texas and political cronyism and abuse of our system.
How and WHY would we use valuable government resources to fight a civil action over $750,000 (Mark could care less about $750,000) when Wall St and men like Ace Greenberg and even Hank Paulson made BILLIONS on what we all know now were nothing but fraudulent mortgage backed transactions that have brought this nation and world’s economy to its knees.
Has anyone asked why Paulson gave up billions to go to Bush’s treasury? Anyone question the last blow up in mortgage and banking in the S&L crisis when Daddy Bush was president?
Let’s explore real abuse here. Reading teh complaint and knowing at least a couple of the players, I can’t help but smell a rat and a set up.
Yes, Mark is vocal and loud. He is also passionate and compassionate as well as ethical ad honest.
He was angry over the company’s moves. The company knew he was going to be upset and would react that way. They also knew it would hurt them. I don’t believe they told him to keep the info confidential and why did they call him and then send out the emails to cover their trail.
I have seen this “pattern” used against me in several set ups and its a common ploy to elicit a reaction from provocation and then document the reaction for future legal use against an enemy.
This smells as bad as the TARP deal and mortgage crisis and hopefully a new AG an Obama administration will see through this flimsy case.
Anyone ever think of W’s ties to baseball and its owners? Anyone ever ask W what he knew about Canseco’s and his player’s steroid use? Anyone ever think that some old time owners in baseball don’t want Mark to buy one of the most beloved franchises in all of sports and do not want him in their circles? Anyone think why a transaction in 2004 is now being prosecuted in 2008, almost 2006, less than two months before the end of Bush’s miserable life in the White House?
What’s Mark’s motive here? Come on, let’s all see, read, and hear the facts. Being a researcher and whistle-blower, I have a good sense here that this is a set-up!
Just like the frauds and abuses I discovered at Fannie Mae, Freddie Mac, Bear Stearns, WAMU et al in the 90s and everyone, even those at the SEC, ignored. The question everyone should be asking is why?

By: George Bush On Best Political Blogs » Mark Cuban versus SEC: Insider trading or insider politics …

Wed, 19 Nov 2008 07:28:06 +0000

[...] Mark Cuban versus SEC: Insider trading or insider politics … … York Times yesterday, purportedly from an SEC official to Cuban: The official accuses Cuban, an American, of acting unpatriotically towards his country because he financed a movie that was highly critical of President George Bush. … [...]

By: Mark Cuban versus SEC: Insider trading or insider politics … | Business News

Wed, 19 Nov 2008 07:01:43 +0000

[...] Read the rest of this great post here [...]

By: Bonzer Wolf

Bonzer Wolf — Wed, 19 Nov 2008 04:03:59 +0000

Mr. Cuban called the government’s allegations false and indicated a belief that SEC staffers were out to get him. He will will vigorously fight to prove his innocence. IMHO this is just another example of the feds unfairly making an example of a high-profile citizen who has dared to publicly criticize the government. $750,000 is chump change to Mark Cuban and he has never made a secret of his sale of mamma.com stock when the company decided to go “private” and change direction. Mr. Cuban is a long time critic of both the federal government and the SEC.

I hope that this federal targeting will inspire Mr. Cuban to support the Libertarian Party with some of his billions. Government at all levels is too large, too expensive, woefully inefficient, arrogant, intrusive, and downright dangerous. Democratic and Republican politicians have created the status quo and do not intend to change it. www.lp.org

By: Why the Case Against Cuban Smells Fishy - GigaOM

Why the Case Against Cuban Smells Fishy - GigaOM — Wed, 19 Nov 2008 00:53:13 +0000

[...] Cuban is fighting back, as VentureBeat sums up. Cuban’s blog has a memo attempting to refute evidence in the SEC ’s complaint; and the [...]