Mark Cuban's Defense: I Never Said I Wouldn't
Hamilton Nolan · 11/20/08 09:30AMMark "The Maverick, when it comes to blogs and also finance" Cuban is proclaiming his innocence, in detail! Cuban, the mouthy tech billionaire owner of the Dallas Mavericks, was charged with the world's least sophisticated insider trading scheme by the SEC earlier this week. He issued a rote statement the same day denying the charges, and lamented that he wished he could say more. Well now he's saying more! Cuban's basic defense: Yes, I sold a bunch of stock after the CEO of a company I partially owned told me confidential, nonpublic information that I knew would hurt the stock price. But I never agreed to keep the information confidential, so there! Then he says (through his lawyer) that the CEO of said company is full of shit because he can't even remember the conversation. They posted this excerpt of an interview with the CEO: