Local

Lawyer Says Drive To Win Made Cuban Cheat

View Comments
Mavericks Central
Shop for Mavericks Gear
Buy Mavericks Tickets

NBA Scoreboard
NBA Standings
Team STATS
Team Schedule
Team Roster
Team Injuries

Sports Fan Insider

Keep up with your favorite teams and athletes with daily updates.
Sign Up
More Mavs

Mavs CoverageMavs Coverage

MavsPhotosMavs Photos

Mark CubanCuban's Corner

1159529821 Lawyer Says Drive To Win Made Cuban CheatBuy Team Gear

115945983 8 Lawyer Says Drive To Win Made Cuban CheatComment Below

Mark Cuban speaks with the media after leaving the Earle Cabell Federal Building and Courthouse in downtown Dallas on September 30, 2013. (credit: Stewart F. House/Getty Images)

Mark Cuban speaks with the media after leaving the Earle Cabell Federal Building and Courthouse in downtown Dallas on September 30, 2013. (credit: Stewart F. House/Getty Images)

DALLAS (CBSDFW.COM/AP) - A government lawyer said that the drive to win that helps Mark Cuban succeed in business led the billionaire Dallas Mavericks owner to cheat by using insider information to sell stock in an internet company.

“Mark Cuban violated the law, and he knew better,” Securities and Exchange Commission lawyer Jan Folena said Tuesday during opening statements to jurors at Cuban’s insider-trading trial.

Cuban’s lawyers are expected to give his side of the case later in the day.

It’s a civil lawsuit; Cuban is not charged with a crime. The SEC wants Cuban to give up $750,000 that he saved from selling his shares, plus pay a penalty that could be two or three times that amount.

(©2013 CBS Local Media, a division of CBS Radio Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

Latest News:

Top Trending:

View Comments