Loose Change distributor charged with insider trading
The man who financed distribution of the 9/11 conspiracy film Loose Change has been charged with insider trading. If anyone knows about insider stuff, he does.
As anyone who follows the National Basketball Association knows, Mark Cuban, the Internet entrepreneur turned owner of the Dallas Mavericks basketball team, has never shied from a fight. But now the pugnacious billionaire is squaring off against his biggest adversary yet: the federal government.
On Monday, the Securities and Exchange Commission filed a civil suit charging Mr. Cuban with insider trading for selling shares of a small Internet search company in 2004, just before its share price fell.
[…]
Mr. Cuban swiftly fired back, accusing the regulator of “prosecutorial misconduct” and alleging that he was the victim of a political vendetta by the agency in the waning days of the Bush administration.
It’s a conspiracy!
h/t: Clayton Cramer