Mark Cuban Is a Fraud

CNN is reporting that the SEC has charged Dallas Mavericks owner and blogger extraordinaire Mark Cuban with insider trading for selling off 600,000 shares of stock in an Internet search company, Mamma.com, after gaining inside information.

Cuban is accused of calling his broker and instructing him to sell all of his stock from Mamma.com after receiving the confidential information from the company. The SEC said Cuban learned that the company would raise money through a public offering, and he knew the stock price was about to fall. When the offering was made public, the stock fell 9.3%, and Cuban avoided losses in…