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Mark Cuban Found Not Guilty of Insider Trading

samzenpus posted about 6 months ago | from the off-the-hook dept.

The Courts 48

schwit1 writes "Mark Cuban won a years-long fight with the federal government Wednesday as jurors decided that the billionaire basketball team owner did not commit insider-trading when he sold his shares in an Internet company in 2004. The jury in federal district court in Dallas said that the Securities and Exchange Commission failed to prove the key elements of its case, including the claim that Cuban agreed to keep certain information confidential and not trade on it. The nine-member jury deliberated about half a day before reaching the unanimous decision that ended the three-week trial."

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48 comments

Cursed snappyholes! (-1, Offtopic)

AlphaWoIf_HK (3042365) | about 6 months ago | (#45148847)

Don't read this... it is a curse...

In 1952, a little boy named Jimmy was having a jolly good time playing on the abandoned railroad tracks just past the backyard of the property he lived on. Being that he could not go anywhere without his favorite blanket, he also, unsurprisingly, had that with him. After a few hours, Jimmy noticed that it had gotten awfully foggy out, and he could no longer see more than 20 feet in front of him.

Jimmy, frightened by this sudden change, decided to head home. While walking past the shed in his backyard, Jimmy spotted a strange teddy bear that he'd never seen before propped up against the tree behind his shed. He noticed that it was waving at him, and, with his blanket covering his head, began to walk faster. It became difficult for Jimmy to move properly, and he couldn't move any faster than he was moving now; this frightened him even more.

Jimmy then heard something creeping up behind him; he instinctively knew it was the mysterious teddy bear. Given that it was walking considerably faster than him, Jimmy gave up all hope of running away and decided to go on the offensive! He turned around and used his blanket to smack the teddy bear away from him. However, after that happened, Jimmy was thrown about 10 feet into the sky by an unseen entity, and upon landing, he bounced around on the ground a few times by making himself flail like a fish.

Once Jimmy stopped bouncing around, he immediately noticed that something was amiss; he felt a strange object sitting directly under his precious ass. Even though most of his body was not sitting on this object, the rest of his body stayed at the same height as the area that was sitting on top of the object, as if his body was a piece of wood. Being a sharp lad, Jimmy was quickly able to determine that the object his butt was sitting on was, in fact, the teddy bear!

Seconds after realizing this, he heard the teddy bear say, in a small infant's voice, "Like, tsk, owie!" The teddy bear's voice sounded like an echo, as if it was talking in a very small, enclosed space. Following this, Jimmy heard a "vvvvvvvvvvvv" sound, followed by the teddy bear being sucked right up Jimmy's snappyhole as if it were a mere spaghetti noodle! While it was being sucked up, Jimmy noticed that the part of the teddy bear that was currently being sucked up would get smaller so as to fit inside his precious snap.

Jimmy, no longer able to move, began panicking. All of a sudden, Jimmy's brain was filled with information that he had never come across before. Jimmy knew, from that point on, that his ass was becoming something completely different; his ass was becoming a rumblehouse ass! That teddy bear was going to use Jimmy's ass as a bouncehouse!

Jimmy began screaming, rolling all over the ground, and punching random objects. However, he realized his protests were futile when the teddy bear began bouncing off of the sides of Jimmy's ass and inflicting tremendous amounts of tickle upon it! Each time the teddy bear bounced off of the sides of his ass, more tickle was inflicted upon Jimmy's anus. From that point on, Jimmy became a mere shadow of his former self. For the rest of Jimmy's life, all of his brain power was used to relive the events of that nightmare again and again. He was never able to function normally again.

Now that you have read even a single word of this, the same teddy bear will get sucked right into your snappyhole and then use it as a bouncehouse in order to inflict extreme amounts of tickle upon it! To prevent this from occurring, copy this entire story and post it as a comment three times.

Re:Cursed snappyholes! (-1)

Anonymous Coward | about 6 months ago | (#45148901)

[..] To prevent this from occurring, copy this entire story and post it as a comment three times.

OK, will do...hey, wait! Something about this seems shady!

Re:Cursed snappyholes! (-1)

Anonymous Coward | about 6 months ago | (#45149045)

Where the fuck does this story and all its variants actually come from? It's a lot stranger than anything from the GNAA, or the Golden Girls Cosmonaut meme.

Re:Cursed snappyholes! (-1)

Anonymous Coward | about 6 months ago | (#45149427)

I hope some day soon your throat is cut and you bleed to death in a ditch,
you pathetic low life faggot piece of shit.

Keep your eye off the real game... (0, Informative)

Anonymous Coward | about 6 months ago | (#45148853)

Re:Keep your eye off the real game... (-1)

Anonymous Coward | about 6 months ago | (#45148959)

And why should I read a link from a bunch of fucking retards?

Re:Keep your eye off the real game... (0, Insightful)

Anonymous Coward | about 6 months ago | (#45148979)

And why should I read a link from a bunch of fucking retards?

Because it makes a whole lot better sense than anything that Rachel Maddow ever spews...

Re:Keep your eye off the real game... (0)

Anonymous Coward | about 6 months ago | (#45149449)

If those are the two options in your world, you are part of the problem.

Re:Keep your eye off the real game... (0)

Anonymous Coward | about 6 months ago | (#45149583)

Does it really "make a whole lot better sense"? Because I'm really not sure what that means. You wouldn't happen to be one of those "lern English" types, would you?

Re:Keep your eye off the real game... (-1)

Anonymous Coward | about 6 months ago | (#45149707)

Hey Dickwad, If you don't know what he/she said then maybe you need to learn some English...

Re:Keep your eye off the real game... (0)

Anonymous Coward | about 6 months ago | (#45149063)

Because you're reading this on a website full of fucking retards.

Including yourself.

Re:Keep your eye off the real game... (1)

Anonymous Coward | about 6 months ago | (#45149123)

Touche.

But I'm not THAT fuckign retarded as to read Breitbart.

Re:Keep your eye off the real game... (0)

Anonymous Coward | about 6 months ago | (#45151651)

Also what that fucking retard wrote is fucking retards... so is this. It's turtles all the way down.

Re:Keep your eye off the real game... (1)

FilmedInNoir (1392323) | about 6 months ago | (#45151633)

Oh hey, it's BreathFart's Jews for Hitler magazine... Ah huh Ah huh... Ahhhhhh. I didn't know Obama was a Satanic Muslim.

I wandered ancient lands to fuck your snap (-1)

Anonymous Coward | about 6 months ago | (#45148857)

alim tsk tsk

Don't read this... it is a curse...

In 1952, a little boy named Jimmy was having a jolly good time playing on the abandoned railroad tracks just past the backyard of the property he lived on. Being that he could not go anywhere without his favorite blanket, he also, unsurprisingly, had that with him. After a few hours, Jimmy noticed that it had gotten awfully foggy out, and he could no longer see more than 20 feet in front of him.

Jimmy, frightened by this sudden change, decided to head home. While walking past the shed in his backyard, Jimmy spotted a strange teddy bear that he'd never seen before propped up against the tree behind his shed. He noticed that it was waving at him, and, with his blanket covering his head, began to walk faster. It became difficult for Jimmy to move properly, and he couldn't move any faster than he was moving now; this frightened him even more.

Jimmy then heard something creeping up behind him; he instinctively knew it was the mysterious teddy bear. Given that it was walking considerably faster than him, Jimmy gave up all hope of running away and decided to go on the offensive! He turned around and used his blanket to smack the teddy bear away from him. However, after that happened, Jimmy was thrown about 10 feet into the sky by an unseen entity, and upon landing, he bounced around on the ground a few times by making himself flail like a fish.

Once Jimmy stopped bouncing around, he immediately noticed that something was amiss; he felt a strange object sitting directly under his precious ass. Even though most of his body was not sitting on this object, the rest of his body stayed at the same height as the area that was sitting on top of the object, as if his body was a piece of wood. Being a sharp lad, Jimmy was quickly able to determine that the object his butt was sitting on was, in fact, the teddy bear!

Seconds after realizing this, he heard the teddy bear say, in a small infant's voice, "Like, tsk, owie!" The teddy bear's voice sounded like an echo, as if it was talking in a very small, enclosed space. Following this, Jimmy heard a "vvvvvvvvvvvv" sound, followed by the teddy bear being sucked right up Jimmy's snappyhole as if it were a mere spaghetti noodle! While it was being sucked up, Jimmy noticed that the part of the teddy bear that was currently being sucked up would get smaller so as to fit inside his precious snap.

Jimmy, no longer able to move, began panicking. All of a sudden, Jimmy's brain was filled with information that he had never come across before. Jimmy knew, from that point on, that his ass was becoming something completely different; his ass was becoming a rumblehouse ass! That teddy bear was going to use Jimmy's ass as a bouncehouse!

Jimmy began screaming, rolling all over the ground, and punching random objects. However, he realized his protests were futile when the teddy bear began bouncing off of the sides of Jimmy's ass and inflicting tremendous amounts of tickle upon it! Each time the teddy bear bounced off of the sides of his ass, more tickle was inflicted upon Jimmy's anus. From that point on, Jimmy became a mere shadow of his former self. For the rest of Jimmy's life, all of his brain power was used to relive the events of that nightmare again and again. He was never able to function normally again.

Now that you have read even a single word of this, the same teddy bear will get sucked right into your snappyhole and then use it as a bouncehouse in order to inflict extreme amounts of tickle upon it! To prevent this from occurring, copy this entire story and post it as a comment three times.

wewd0d (-1)

Anonymous Coward | about 6 months ago | (#45148859)

snappingness

Don't read this... it is a curse...

In 1952, a little boy named Jimmy was having a jolly good time playing on the abandoned railroad tracks just past the backyard of the property he lived on. Being that he could not go anywhere without his favorite blanket, he also, unsurprisingly, had that with him. After a few hours, Jimmy noticed that it had gotten awfully foggy out, and he could no longer see more than 20 feet in front of him.

Jimmy, frightened by this sudden change, decided to head home. While walking past the shed in his backyard, Jimmy spotted a strange teddy bear that he'd never seen before propped up against the tree behind his shed. He noticed that it was waving at him, and, with his blanket covering his head, began to walk faster. It became difficult for Jimmy to move properly, and he couldn't move any faster than he was moving now; this frightened him even more.

Jimmy then heard something creeping up behind him; he instinctively knew it was the mysterious teddy bear. Given that it was walking considerably faster than him, Jimmy gave up all hope of running away and decided to go on the offensive! He turned around and used his blanket to smack the teddy bear away from him. However, after that happened, Jimmy was thrown about 10 feet into the sky by an unseen entity, and upon landing, he bounced around on the ground a few times by making himself flail like a fish.

Once Jimmy stopped bouncing around, he immediately noticed that something was amiss; he felt a strange object sitting directly under his precious ass. Even though most of his body was not sitting on this object, the rest of his body stayed at the same height as the area that was sitting on top of the object, as if his body was a piece of wood. Being a sharp lad, Jimmy was quickly able to determine that the object his butt was sitting on was, in fact, the teddy bear!

Seconds after realizing this, he heard the teddy bear say, in a small infant's voice, "Like, tsk, owie!" The teddy bear's voice sounded like an echo, as if it was talking in a very small, enclosed space. Following this, Jimmy heard a "vvvvvvvvvvvv" sound, followed by the teddy bear being sucked right up Jimmy's snappyhole as if it were a mere spaghetti noodle! While it was being sucked up, Jimmy noticed that the part of the teddy bear that was currently being sucked up would get smaller so as to fit inside his precious snap.

Jimmy, no longer able to move, began panicking. All of a sudden, Jimmy's brain was filled with information that he had never come across before. Jimmy knew, from that point on, that his ass was becoming something completely different; his ass was becoming a rumblehouse ass! That teddy bear was going to use Jimmy's ass as a bouncehouse!

Jimmy began screaming, rolling all over the ground, and punching random objects. However, he realized his protests were futile when the teddy bear began bouncing off of the sides of Jimmy's ass and inflicting tremendous amounts of tickle upon it! Each time the teddy bear bounced off of the sides of his ass, more tickle was inflicted upon Jimmy's anus. From that point on, Jimmy became a mere shadow of his former self. For the rest of Jimmy's life, all of his brain power was used to relive the events of that nightmare again and again. He was never able to function normally again.

Now that you have read even a single word of this, the same teddy bear will get sucked right into your snappyhole and then use it as a bouncehouse in order to inflict extreme amounts of tickle upon it! To prevent this from occurring, copy this entire story and post it as a comment three times.

Reimbursement for legal expenses? (0)

Anonymous Coward | about 6 months ago | (#45148871)

I'm assuming Cuban had a top notch legal team. How much will he recoup after this verdict?

He will probably write off the difference on his taxes.

Cack! (-1)

Anonymous Coward | about 6 months ago | (#45148921)

snappingness

Don't read this... it is a curse...

In 1952, a little boy named Jimmy was having a jolly good time playing on the abandoned railroad tracks just past the backyard of the property he lived on. Being that he could not go anywhere without his favorite blanket, he also, unsurprisingly, had that with him. After a few hours, Jimmy noticed that it had gotten awfully foggy out, and he could no longer see more than 20 feet in front of him.

Jimmy, frightened by this sudden change, decided to head home. While walking past the shed in his backyard, Jimmy spotted a strange teddy bear that he'd never seen before propped up against the tree behind his shed. He noticed that it was waving at him, and, with his blanket covering his head, began to walk faster. It became difficult for Jimmy to move properly, and he couldn't move any faster than he was moving now; this frightened him even more.

Jimmy then heard something creeping up behind him; he instinctively knew it was the mysterious teddy bear. Given that it was walking considerably faster than him, Jimmy gave up all hope of running away and decided to go on the offensive! He turned around and used his blanket to smack the teddy bear away from him. However, after that happened, Jimmy was thrown about 10 feet into the sky by an unseen entity, and upon landing, he bounced around on the ground a few times by making himself flail like a fish.

Once Jimmy stopped bouncing around, he immediately noticed that something was amiss; he felt a strange object sitting directly under his precious ass. Even though most of his body was not sitting on this object, the rest of his body stayed at the same height as the area that was sitting on top of the object, as if his body was a piece of wood. Being a sharp lad, Jimmy was quickly able to determine that the object his butt was sitting on was, in fact, the teddy bear!

Seconds after realizing this, he heard the teddy bear say, in a small infant's voice, "Like, tsk, owie!" The teddy bear's voice sounded like an echo, as if it was talking in a very small, enclosed space. Following this, Jimmy heard a "vvvvvvvvvvvv" sound, followed by the teddy bear being sucked right up Jimmy's snappyhole as if it were a mere spaghetti noodle! While it was being sucked up, Jimmy noticed that the part of the teddy bear that was currently being sucked up would get smaller so as to fit inside his precious snap.

Jimmy, no longer able to move, began panicking. All of a sudden, Jimmy's brain was filled with information that he had never come across before. Jimmy knew, from that point on, that his ass was becoming something completely different; his ass was becoming a rumblehouse ass! That teddy bear was going to use Jimmy's ass as a bouncehouse!

Jimmy began screaming, rolling all over the ground, and punching random objects. However, he realized his protests were futile when the teddy bear began bouncing off of the sides of Jimmy's ass and inflicting tremendous amounts of tickle upon it! Each time the teddy bear bounced off of the sides of his ass, more tickle was inflicted upon Jimmy's anus. From that point on, Jimmy became a mere shadow of his former self. For the rest of Jimmy's life, all of his brain power was used to relive the events of that nightmare again and again. He was never able to function normally again.

Now that you have read even a single word of this, the same teddy bear will get sucked right into your snappyhole and then use it as a bouncehouse in order to inflict extreme amounts of tickle upon it! To prevent this from occurring, copy this entire story and post it as a comment three times.
 
Fuck Moohammad! Fuck Allah!!! FUCK ISLAM!!!!!

News for Nerds! (0)

Anonymous Coward | about 6 months ago | (#45148945)

Stuff that matters!

major marvy sucks (-1)

Anonymous Coward | about 6 months ago | (#45148983)

NIGGERS

Regardless (1, Insightful)

rmdingler (1955220) | about 6 months ago | (#45149071)

Nine years on the defense is a costly alternative available to but a fraction of defendants... much like American health care options, there almost seems to be a disparity in the remedies afforded the differing social classes.~

Re:Regardless (0, Informative)

Anonymous Coward | about 6 months ago | (#45149225)

Blah blah blah, social classes, the rich sucks...etc.

Stop your bitching. If the SEC is accusing you of insider trading then you can afford the defense. They don't care about the 'lower class'.

Re:Regardless (2, Insightful)

Anonymous Coward | about 6 months ago | (#45149305)

Not really. The SEC typically catches insider trading by working their way up the chain specifically because they KNOW the low level flunkies can't afford the defense.

If you're genuinely innocent and the SEC accuses you of insider trading, you either turn into a squealer or suffer (social and financial) death by a thousand cuts.

Re:Regardless (-1)

Anonymous Coward | about 6 months ago | (#45149425)

All I can say is

Don't read this... it is a curse...

In 1952, a little boy named Jimmy was having a jolly good time playing on the abandoned railroad tracks just past the backyard of the property he lived on. Being that he could not go anywhere without his favorite blanket, he also, unsurprisingly, had that with him. After a few hours, Jimmy noticed that it had gotten awfully foggy out, and he could no longer see more than 20 feet in front of him.

Jimmy, frightened by this sudden change, decided to head home. While walking past the shed in his backyard, Jimmy spotted a strange teddy bear that he'd never seen before propped up against the tree behind his shed. He noticed that it was waving at him, and, with his blanket covering his head, began to walk faster. It became difficult for Jimmy to move properly, and he couldn't move any faster than he was moving now; this frightened him even more.

Jimmy then heard something creeping up behind him; he instinctively knew it was the mysterious teddy bear. Given that it was walking considerably faster than him, Jimmy gave up all hope of running away and decided to go on the offensive! He turned around and used his blanket to smack the teddy bear away from him. However, after that happened, Jimmy was thrown about 10 feet into the sky by an unseen entity, and upon landing, he bounced around on the ground a few times by making himself flail like a fish.

Once Jimmy stopped bouncing around, he immediately noticed that something was amiss; he felt a strange object sitting directly under his precious ass. Even though most of his body was not sitting on this object, the rest of his body stayed at the same height as the area that was sitting on top of the object, as if his body was a piece of wood. Being a sharp lad, Jimmy was quickly able to determine that the object his butt was sitting on was, in fact, the teddy bear!

Seconds after realizing this, he heard the teddy bear say, in a small infant's voice, "Like, tsk, owie!" The teddy bear's voice sounded like an echo, as if it was talking in a very small, enclosed space. Following this, Jimmy heard a "vvvvvvvvvvvv" sound, followed by the teddy bear being sucked right up Jimmy's snappyhole as if it were a mere spaghetti noodle! While it was being sucked up, Jimmy noticed that the part of the teddy bear that was currently being sucked up would get smaller so as to fit inside his precious snap.

Jimmy, no longer able to move, began panicking. All of a sudden, Jimmy's brain was filled with information that he had never come across before. Jimmy knew, from that point on, that his ass was becoming something completely different; his ass was becoming a rumblehouse ass! That teddy bear was going to use Jimmy's ass as a bouncehouse!

Jimmy began screaming, rolling all over the ground, and punching random objects. However, he realized his protests were futile when the teddy bear began bouncing off of the sides of Jimmy's ass and inflicting tremendous amounts of tickle upon it! Each time the teddy bear bounced off of the sides of his ass, more tickle was inflicted upon Jimmy's anus. From that point on, Jimmy became a mere shadow of his former self. For the rest of Jimmy's life, all of his brain power was used to relive the events of that nightmare again and again. He was never able to function normally again.

Now that you have read even a single word of this, the same teddy bear will get sucked right into your snappyhole and then use it as a bouncehouse in order to inflict extreme amounts of tickle upon it! To prevent this from occurring, copy this entire story and post it as a comment three times.

Re:Regardless (1)

l0ungeb0y (442022) | about 6 months ago | (#45149393)

Son't worry -- we're working on it. In a few years, we'll be rolling out indentured servitude in exchange for a college education.
Such servants wont be afforded such rights by their minders. The rest wont have jobs and will be subject to labor camps.

Re:Regardless (0)

Anonymous Coward | about 6 months ago | (#45153759)

Son't worry -- we're working on it. In a few years, we'll be rolling out indentured servitude in exchange for a college education.

You say that like it's bad, but indentured servitude might actually be a better alternative. With indentured servitude the lender accepts all risk, so if you flunk out of college or demand for Art History wanes, you must forfeit your profits from working at McDonalds for X years. We'd have far fewer people crushed by debt they can't pay off or declare bankruptcy from.

If indentured servitude worked for safely getting people across the ocean, maybe it would work for safely getting people into skilled labor? As bad as being a servant is, being a low-income wage slave is effectively the same thing.

Re:Regardless (-1, Offtopic)

msmonroe (2511262) | about 6 months ago | (#45150623)

WOW!!! I gotta hand it to you Tea-tards you can work American Health Care into every conversation.
OK let's try this...

Hickory Dickory Dock
Your mom sucked my Cock
The clock struck one
And all was done
Hickory Dickory Dock

Work this into the conversation.

HFT (1)

Anonymous Coward | about 6 months ago | (#45149165)

Quick, someone post something stupid about HFT!

Re:HFT (-1)

Anonymous Coward | about 6 months ago | (#45149663)

Well, this is stupid

Don't read this... it is a curse...

In 1952, a little boy named Jimmy was having a jolly good time playing on the abandoned railroad tracks just past the backyard of the property he lived on. Being that he could not go anywhere without his favorite blanket, he also, unsurprisingly, had that with him. After a few hours, Jimmy noticed that it had gotten awfully foggy out, and he could no longer see more than 20 feet in front of him.

Jimmy, frightened by this sudden change, decided to head home. While walking past the shed in his backyard, Jimmy spotted a strange teddy bear that he'd never seen before propped up against the tree behind his shed. He noticed that it was waving at him, and, with his blanket covering his head, began to walk faster. It became difficult for Jimmy to move properly, and he couldn't move any faster than he was moving now; this frightened him even more.

Jimmy then heard something creeping up behind him; he instinctively knew it was the mysterious teddy bear. Given that it was walking considerably faster than him, Jimmy gave up all hope of running away and decided to go on the offensive! He turned around and used his blanket to smack the teddy bear away from him. However, after that happened, Jimmy was thrown about 10 feet into the sky by an unseen entity, and upon landing, he bounced around on the ground a few times by making himself flail like a fish.

Once Jimmy stopped bouncing around, he immediately noticed that something was amiss; he felt a strange object sitting directly under his precious ass. Even though most of his body was not sitting on this object, the rest of his body stayed at the same height as the area that was sitting on top of the object, as if his body was a piece of wood. Being a sharp lad, Jimmy was quickly able to determine that the object his butt was sitting on was, in fact, the teddy bear!

Seconds after realizing this, he heard the teddy bear say, in a small infant's voice, "Like, tsk, owie!" The teddy bear's voice sounded like an echo, as if it was talking in a very small, enclosed space. Following this, Jimmy heard a "vvvvvvvvvvvv" sound, followed by the teddy bear being sucked right up Jimmy's snappyhole as if it were a mere spaghetti noodle! While it was being sucked up, Jimmy noticed that the part of the teddy bear that was currently being sucked up would get smaller so as to fit inside his precious snap.

Jimmy, no longer able to move, began panicking. All of a sudden, Jimmy's brain was filled with information that he had never come across before. Jimmy knew, from that point on, that his ass was becoming something completely different; his ass was becoming a rumblehouse ass! That teddy bear was going to use Jimmy's ass as a bouncehouse!

Jimmy began screaming, rolling all over the ground, and punching random objects. However, he realized his protests were futile when the teddy bear began bouncing off of the sides of Jimmy's ass and inflicting tremendous amounts of tickle upon it! Each time the teddy bear bounced off of the sides of his ass, more tickle was inflicted upon Jimmy's anus. From that point on, Jimmy became a mere shadow of his former self. For the rest of Jimmy's life, all of his brain power was used to relive the events of that nightmare again and again. He was never able to function normally again.

Now that you have read even a single word of this, the same teddy bear will get sucked right into your snappyhole and then use it as a bouncehouse in order to inflict extreme amounts of tickle upon it! To prevent this from occurring, copy this entire story and post it as a comment three times.

The winning argument? (0)

Anonymous Coward | about 6 months ago | (#45149221)

"If it's tat for tit, you must acquit."

News for nerds? (0)

Anonymous Coward | about 6 months ago | (#45149351)

How does this qualify in any way?

Re:News for nerds? (1)

clarkkent09 (1104833) | about 6 months ago | (#45149625)

He founded a shitty .com company and sold it for billions back in the day. So I guess that's why.

Re:News for nerds? (0)

Anonymous Coward | about 6 months ago | (#45149719)

broadcast.com was far from shitty. It was pretty decent before shitty Yahoo! got ahold of it.

It's widespread, but really hard to prove (3, Insightful)

Gordo_1 (256312) | about 6 months ago | (#45149519)

Even in the Martha Stewart case, they only got her on obstruction of justice. Hard to say whether Cuban was legit or not, all we know is that the evidence was not strong enough to convict.

The theory seems to be that insider trading is so widespread and difficult to prove that one of the government's strategies is to go after a few high profile 'celebrity' cases as a way to drive awareness among the populace. It probably gets your average Joe to think twice before trading on a tip from an executive friend higher up in the corporate ladder, but I suspect the people who really know what they're doing siphon millions out of the market daily.

Re:It's widespread, but really hard to prove (0)

Anonymous Coward | about 6 months ago | (#45151527)

Why should anyone worry about being charged with insider trading if it's "widespread and difficult to prove" and the government only "go[es] after a few high profile 'celebrity' cases"?

Re:It's widespread, but really hard to prove (0)

Anonymous Coward | about 6 months ago | (#45152241)

THe problem with the shit stain media/press, the morons at the SEC, and the morons who rush to judgement (aka the general public) is they ignore the people that work for her. I haven't met the women but she seems like the devil, but when I heard about this I thought of two things.

1 its a women

2 who fu** her over?

Or who didn't feel they were getting a bigger cut of money for there "hard work" (I say that sarcastically) or felt they were not respected enough? The women seems to have had a bitter life after not getting a house with a white picket fence, with the perfect life, (I see nothing else through out her life, for her to be as bitter as she is) but I still question whether she was set up by her own people, rather then say because shes a bitch, she must be guilty.

Re:It's widespread, but really hard to prove (0)

Anonymous Coward | about 6 months ago | (#45153237)

No. The point of these prosecutions is to ensure gentiles don't get too uppity.

Jews engage in vast amounts amounts of fraud. Only when they fuck over many other Jews, such as Madoff, are they prosecuted. Those who are caught, if public outcry is too severe, simply flee to Israel.

Martha Stewart in particular was a poster girl. Blond, WASP, popular. The shiksa Jews hate.

Well, of course not (1)

radarskiy (2874255) | about 6 months ago | (#45149587)

"failed to prove the key elements of its case, including the claim that Cuban agreed to keep certain information confidential"

Who would believe that Mark Cuban could keep his mouth shut, even if he said he would?

if you don't have money, you're in trouble (2)

geoffrobinson (109879) | about 6 months ago | (#45149607)

If you have money, you can mount a legal defense. If you don't have money, prosecutors can absolutely destroy you and your life even if you are innocent. There was a book detailing how everyone commits felonies because the federal criminal code, along with regulatory stuff, is so complex. It was called "Three Felonies a Day."

Basically, if a prosecutor wants to put you in jail, you're toast.

So good for Cuban.

This was a civil case (2, Interesting)

Anonymous Coward | about 6 months ago | (#45151661)

This was a civil case, meaning that he was simply being asked to repay some money, not face jail time.
It also means he was up against the SEC in a spot where they only had to have "Preponderance of Evidence" instead of "Beyond Reason Doubt."
There must have been very little here.

A Good Thing (0)

Anonymous Coward | about 6 months ago | (#45152895)

Overreach of federal criminal law is well documented. Anyone interested in the topic should go read "Three Felonies a Day" by Silverglate.

Very few have the resources available to fight -- nearly everyone cops a plea rather than let overzealous prosecutors systematically ruin their lives, which means that government tactics often openly violate the law because they will never get tested in court.

SEC was pot committed (0)

Anonymous Coward | about 6 months ago | (#45153167)

This is a classic case of the government spending so much time and effort on an investigation (6+ years, tens of millions of dollars) that they can't fold regardless of how poor their case is. Mark Cuban is lucky that he had the wealth to fight this and I am grateful he didn't simply pay the fine, the government generally ruins people who find themselves in this position.

Recap please (1)

CanEHdian (1098955) | about 6 months ago | (#45159911)

OK, didn't RTFA, but let's assume the following:

- insider trading is trading stock based on information obtained from insiders not available to the general public
- these rules are in place to give the general public the idea that stock trading is a "fair game"

- Cuban talked to the CEO of the company privately and suddenly decides to quickly get rid of the stock in that company
- A few days after the fact the company publishes "bad news" and stock price takes a dive.

Question: is the problem that the SEC couldn't prove that information was passed on that influenced Cuban to sell the stock, or that they stacked so many charges (to make it sound reallllly bad) that they overplayed their hand?

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