Another Dancing with the Stars Contestant Faces Federal Charges
Posted by Veronica Santiago Categories: Sports, Television, Legal Issues,
We already knew Dancing with the Stars had a reputation of sending contestants to the hospital…but who would have thought federal court as well?
Today, Dallas Mavericks owner Mark Cuban was charged by federal regulators with insider trading. This announcement comes nearly six weeks after after Helio Castroneves, another contestant from DWTS’ fifth season, was indicted for federal tax evasion.
According to the civil suit filed by the Securities and Exchange Commission, Cuban allegedly used information he received back in 2004 to sell stock he owned in Mamma.com (now known as Copernic), a Montreal search engine. When he became aware of an upcoming private sale, the 50-year-old promptly sold 600,000 shares to spare himself a loss of approximately $750,000.
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| Associated Press
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