The Mavericks’ billionaire owner Marc Cuban can breathe a huge sigh of relief after being found not guilty of insider trading. Cuban was accused of trading on non-public information back in 2004. He sold his 600,000 shares in the Internet search site www.Mamma.com and avoided a $750,000 loss. Despite this looking fishy, a Dallas jury found him not guilty. It only took the jury four hours to come to their decision.
Cuban has been the fiery owner of the Dallas Mavericks now for years and has been known to be outspoken. The Mavericks have won one championship under his ownership. He is also one of the sharks on the ABC show “Shark Tank”. Cuban is a businessman who is said to be worth $2.5 billion.
