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Mark Cuban: Too Many Powerful Enemies?

If Mark Cuban is guilty of insider trading that is one thing. But amid a global credit crisis and mortgage meltdown, is this really the investigation we care about? 

Many are also wondering if Mark Cuban's funded website BailoutSleuth has made him so powerful enemies in powerful places and they are trying to keep him quiet from exposing the fraud going on by the elite.

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Mark Cuban Going To Fight The SEC In Public!

Submitted by Jordan on Wed, 11/19/2008 - 23:27.

Or rather, he is letting his lawyers fight the case publicly on his behalf by printing their memos on his blog. Yesterday, he posted a response from his lawyer to the SEC complaint in which stated:

This matter, which has been pending before the Commission for nearly two years, has no merit and is a product of gross abuse of prosecutorial discretion. Mr. Cuban intends to contest the allegations and to demonstrate that the Commission’s claims are infected by the misconduct of the staff of its Enforcement Division.

He prefaced that with the single line:

I wish I could say more, but I will have to leave it to this, and let the judicial process do its job.

Yet today, he kept at it, posting another memo from his lawyer, hinting at how he plans to defend himself:

The SEC knows their case centers on one telephone conversation between two individuals- 4 years ago. The SEC claims there was an agreement between these parties to the conversation to keep certain information confidential. We interviewed Guy Faure, the former CEO of Mamma.com Inc., with whom the SEC claims Mr. Cuban made an agreement. We had a court reporter transcribe the interview. There was no agreement to keep information confidential.

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