Is Mark Cuban really guilty of an SEC violation for insider trading? Or is this just a political hit job for George W. Bush because Mark financed a movie critical of the government’s involvement in 9-11, and their domestic terrorist agenda of mass murder for oil?
Mark Cuban, owner of the Dallas Mavericks NBA basketball team, is now being accused of insider trading due to his involvement with the 9-11 documentary Loose Change.
The SEC (Securities and Exchange Commission) is persecuting him over an old stock trade from 2004. The persecution began after he exchanged emails about the 9-11 documentary Loose Change with an SEC lawyer named Jeffery Norris, in the Fort Worth, Texas office.
“A person close to Mr. Cuban provided me with a copy of an e-mail message said to have been sent by Jeffrey Norris, an S.E.C. lawyer in the Fort Worth regional office,”
writes Floyd Norris (no relation to the SEC lawyer) of the New York Times.
“This e-mail message seems to have been sent after an exchange in which Mr. Norris complained that Mr. Cuban had financed a movie called ‘Loose Change’ that discusses the president’s actions relating to Sept. 11.”
In the email sent to Cuban, Jeffrey Norris trashes the documentary and labels it a “conspiracy theory” then proceeds to accuse Cuban of “smearing the good name of a patriot like President Bush.” He then says he will forward the email to Christopher Cox, the chairman of the SEC, who was nominated for that position by President Bush. Although it can’t be proved yet, it appears that in his anger Mr. Norris gave the SEC the idea to go after Mark Cuban for his intention of financing Loose Change, not for any serious criminal behavior in regard to stock trading.
Quotes from the emails in question:
“Since Chairman Cox may not know the background, I will explain. Mark Cuban is the owner of the Dallas Mavericks and has participated in distributing the vicious and absurd documentary, Loose Change, which posits that President Bush planned the demolition of the World Trade Center as a pretext for going to war against Iraq. We have had some past exchanges about my opinion that Mr. Cuban’s support for this project is irresponsible and immoral.”
“If this upsets you, I wonder how George Bush feels,” Mr. Norris wrote. “I assume that Mr. Cox would view your involvement with ‘Loose Change’ much as I do. After all, he served his country as a Republican congressman from Orange County for nearly 20 years and was appointed by President Bush.”
Just for the record: The Loose Change documentary does not accuse President Bush “directly”, of involvement in the plans to carry out the September 11, 2001 attacks, but then mindless neocons and uneducated Bush supporters take great pride in misrepresenting facts and making absurd allegations with no basis in reality whatsoever.
Mark Cuban on the film Loose Change:
“My only response is to quote JFK: ‘We are not afraid to entrust the American people with unpleasant facts, foreign ideas, alien philosophies and competitive values. For a nation that is afraid to let its people judge the truth and falsehood in an open market is a nation that is afraid of its people.’ “
Mark Cuban, in a release on his blog adds this on the SEC case:
“I am disappointed that the Commission chose to bring this case based upon its Enforcement staff’s win-at-any-cost ambitions. The staff’s process was result-oriented, facts be damned. The government’s claims are false and they will be proven to be so.”
Just for the record: It should be noted that Mark Cuban never financed the production of Loose Change, and Charlie Sheen didn’t narrate it. They backed out from their commitments after Bill O’Reilly made his attacks.
Just something to think about:
An SEC prosecution is what you get for having an opinion and try to freely express it. Free speech is dying. Can you hear the death cry now?
Criticism of film won’t deter Cuban by James Ragland DallasNews.com
Mark Cuban is charged with insider trading
By Michael J. de la Merced and Floyd Norris of the New York times
Insider Trading, or political Persecution?
By Floyd Norris of the New York times
SEC Hits Mark Cuban With Insider Trading Charges, Potentially $3 Million in Payments
By Heather Green BusinessWeek.com
Technorati Tags: mark cuban, dallas mavericks, bill o’reilly, charlie sheen, 9-11, 911, 9/11, loose change, documentary, documentaries, jeffrey norris, sec, securities and exchange commission, insider trading, george bush, bush, george w bush, free speech, nba, national basketball association, basketball
11 Comments »