Dancing With The SEC
By:Radar Staff
Nov. 17 2008, Published 5:41 a.m. ET
Getting your Trinity Audio player ready...
Marc Cuban is in hot legal water.
The billionaire-entrepreneur owner of basketball's Dallas Mavericks -- and star of the 5th season of Dancing with the Stars, where he strutted his stuff with Kym Johnson -- has been accused of insider trading by the Securities and Exchange Commission.
According to a civil action filed by the SEC, Cuban sold his 6% ownership stake of Mamma.com when he learned it was going to seek money through a private offering.
MORE ON:
Breaking News
- Joe Biden Speaks Out for First Time Since Ditching 2024 Election Campaign — Praising ‘Capable and Tough’ VP Kamala Harris
- Donald Trump and Kamala Harris Invited by Fox News to Debate in September — After Ex-President's Rant About 'Fake News' ABC
- BREAKING: Joe Biden Set To Withdraw From Race This Weekend – But Will NOT Endorse Kamala Harris, D.C. Insider Claims
Article continues below advertisement
On June 29, the day after he bailed, the company saw its share plummet over 10%.
That saved Cuban a quarter-million dollars.
Gonna take some fancy footwork to get out of this one.
Advertisement