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Mark Cuban Knows How Phil Mickelson Feels Right Now

Jun 3, 2014, 00:36 IST

REUTERS/Kevin Jairaj-USA TODAY SportsDallas Mavericks owner Mark Cuban shoots baskets before a Mavericks game.

Mark Cuban, tech mogul and owner of the Dallas Mavericks, has weighed in on reports that Phil Mickelson, Carl Icahn and Billy Walters are facing an insider trading investigation.

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In 2013, Cuban beat an insider trading case that was brought against him by the Securities and Exchange Commission.

Following the acquittal, Cuban appeared on CNBC and said the case was "personal."

The whole interview is really worth watching, as Cuban gives his thoughts on the various failings of the SEC, namely saying that they use "lawyer-think," bringing more and more cases but failing to build investor confidence, which he says is the SEC's tasks of ensuring fair markets and building investor confidence.

This morning, Cuban tweeted out some of his thoughts on the reports involving Mickelson, Icahn and Walters.

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Cuban then had some thoughts for Jeff Schultz, sports blogger for the Atlanta Journal-Constitution, after Schultz tweeted:

Tom Rotunno, a newsdesk manager at CNBC, also got into the fray after tweeting a link to a CNBC story that said Cuban's tweets were slamming media coverage of the Mickelson story.

This afternoon, Cuban concluded his thoughts, and deftly noted how high-profile legal cases are tried in two courts: the legal court and the court of public opinion.

ESPN says Mickelson is scheduled to play this weekend at the St. Jude Classic in Memphis before heading to the U.S. Open at Pinehurst in North Carolina on June 12.

At these events, Mickelson will be chided by some fans and supported by others.

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But as Cuban knows, due process means that what we think about Mickelson, as well as Icahn and Walters, right now doesn't really matter.

Which is better for everybody.

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