Cuban had a 6% interest in the Company. The person who provided the information apparently did not profit from it. He allegedly told Cuban that the information was confidential. Mr. Cuban is sophisticated enough in security matters to know this without the admonition. If true, he merely wanted to make money at others’ expense. The fact that he has lots of money is irrelevant. He allegedly made $750,000 on the transaction. If so, by doing it this was worth it to him. I have no sympathy for violators of inside trading laws. It’s the public who gets screwed while these hotshots profit.
If guilty, frog march him off the basketball court and let him change the Maverick’s colors to solid orange.
FWIW the "person" who gave him the info was the CEO of the company Cuban had stock in.