11/17/2008 - Dallas, TX (Sportsbook Betting Lines) - Dallas Mavericks billionaire owner Mark Cuban has been charged with insider trading by the Securities and Exchange Commission.
The outspoken and controversial Cuban, who made his fortune as an Internet entrepreneur, is being targeted for illegal trading of Mamma.com stock.
The SEC is alleging that Cuban began selling his six percent ownership stake in the company on June 28, 2004, after learning that Mamma.com was raising money through a private investment in a public entity, or PIPE.
The next day, the company announced the PIPE financing and shares of the company dropped by more than 10 percent.
According to the complaint, the SEC has alleged Cuban was aware the shares would be sold below market price, and ordered his broker to sell all shares in the search engine company. By selling his stake before the public announcement, the SEC said Cuban avoided more than $750,000 in losses.
The SEC is seeking to prohibit Cuban from engaging in future violations of the antifraud provisions of the federal securities laws; ordering him to disgorge, with prejudgment interest, any losses avoided as a result of his actions; and ordering Cuban to pay a civil money penalty.
The 50-year-old Cuban owns the Mavericks, HDNet, a national high-definition television network, and Landmark Theaters. He has also been rumored to be interested in purchasing a stake in Major League Baseball's Chicago Cubs.
<< Stuttgart manager Veh slams team, Gomez
Stuttgart, Germany (Sportsbook Betting Lines) - Stuttgart coach Armin Veh slammed his
side's performance in the goalless draw with Arminia Bielefeld at the weekend,
aiming particular criticism at striker Mario Gomez.
Veh fumed: "He ran too littl
<< Rangers host Senators aiming to extend win streak to three
(Sportsbook Betting Lines) - The Eastern Conference-leading New York Rangers will aim
for their third consecutive victory when they host the struggling Ottawa
Senators tonight at Madison Square Garden.
The Rangers had lost four of five contests to beg
<< Sagnol worried over career future
Munich, Germany (Sportsbook Betting Lines) - Bayern Munich defender Willy Sagnol has
revealed he may be forced to quit the game through injury.
The 31-year-old France defender has been sidelined since Euro 2008 with an
Achilles injury which re
<< Red Wings, Oilers clash in Motown
(Sportsbook Betting Lines) - The Detroit Red Wings will try record a point in their
sixth straight game when they welcome the slumping Edmonton Oilers to Joe
Louis Arena for tonight's opener of a home-and-home series.
The Red Wings, who are leading th
'Canes re-assign Dwyer >>
Raleigh, NC (Sportsbook Betting Lines) - Carolina Hurricanes re-assigned forward Patrick
Dwyer to the Albany River Rats of the American Hockey League, it was announced
on Monday.
The 25-year-old Dwyer, who was recalled from Albany on Nov. 2, and ma
Pujols named NL MVP >>
New York, NY (Sportsbook Betting Lines) - St. Louis Cardinals first baseman Albert
Pujols has been named the National League's Most Valuable Player, as voted on
by the Baseball Writers' Association of America.
Pujols, who won this award in 2005
Pair of Capitals lead list of NHL's Three Stars >>
New York, NY (Sportsbook Betting Lines) - Washington Capitals forwards Nicklas Backstrom
and Alexander Ovechkin, along with Nashville Predators goaltender Dan Ellis,
were selected as the NHL's 'Three Stars' for the week ending November 16.
Backstrom
Falcons' Dubnyk named AHL Player of the Week >>
Springfield, MA (Sportsbook Betting Lines) - Springfield Falcons goaltender Devan
Dubnyk has been named the American Hockey League Player of the Week for the
period ending on Sunday, it was announced on Monday.
In three starts this week, Du
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MySportsbook.com: NBA Championship Odds
With the playoffs about two months away, the top two teams in the Western Conference are the clear cut leaders to win the NBA Championship. The Dallas Mavericks have the best record in the NBA (44-9) and have been absolutely scorching since the second week of the season. What makes the Mavs’ record more impressive is the fact that they dropped their first four games of the season. Currently they have won 17 out of their last 18 and are MySportsbook.com’s favorite (2-1) to win it all. Right behind the Mavs are the Pacific leading Phoenix Suns (39-13). Last season, the Suns lost in the Conference Finals to non-other then the Mavericks four games to two. Of course the Suns were without center Amare Stoudemire who has is averaging 19.9 PPG and 9.5 RPG since coming back from his knee injury. Unlike the Mavs, the Suns have struggled a bit lately having lost their last three and four out of their last seven. Of course the main reason for their three straight loses is due to the absence of two time MVP Steve Nash, who is out with a shoulder injury. Heads-up, the Mavs have beaten the Suns in both of their meetings this season.
In the Eastern Conference, the Pistons (32-19) are the favorites to win it all at 6-1. The addition of Chris Webber seems to have been a good move for the Pistons. Since coming over from the 76ers, Webber has averaged 13.1 PPG and 7.3 RPG and the Pistons are 11-4. Even though the defending champion Heat are currently on the playoff making cusp, they are the Eastern Conference team that is getting the most action to win it all (9-1). The fact that Shaquille O’Neal is back in the starting lineup after missing 39 games probably has something to do with this. No doubt, Shaq makes a difference when in the lineup as their winning six out of their last seven would indicate.
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MySportsbook.com’s NBA Championship odds:
Atlanta Hawks 1000-1
Boston Celtics 5000-1
Charlotte Bobcats 5000-1
Chicago Bulls 20-1
Cleveland Cavaliers 20-1
Dallas Mavericks 2-1
Denver Nuggets 25-1
Detroit Pistons 6-1
Golden State Warriors 250-1
Houston Rockets 12-1
Indiana Pacers 60-1
Los Angeles Clippers 45-1
Memphis Grizzlies 5000-1
Miami Heat 9-1
Milwaukee Bucks 1000-1
Minnesota T-Wolves 200-1
New Jersey Nets 50-1
New Orleans Hornets 150-1
New York Knicks 150-1
Orlando Magic 75-1
Philadelphia 76ers 1000-1
Phoenix Suns 5-2
Portland TrailBlazers 1000-1
Sacramento Kings 250-1
San Antonio Spurs 9-1
Seattle Sonics 5000-1
Toronto Raptors 35-1
Utah Jazz 20-1
Washington Wizards 25-1
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