This could get ugly. Or fun. Probably a little of both:

Dallas Mavericks owner Mark Cuban is financing a new Web site that will investigate stock fraud and corporate wrongdoing. The billionaire also said he'll buy and sell stocks based on information before the site publishes it.

Cuban said he has not been a direct victim of fraud but was motivated to start the site by his approach to investing.

"I'm a firm believer that out of (the more than 10,000) public companies the odds are that there are more than just a few crooks and frauds," Cuban said Tuesday in an interview with The Associated Press. "Finding them can be rewarding and entertaining."

Indeed. You gotta love it when one of their own decides he's had enough. Hopefully it will be a bit like the Bush / Perot rivalry. It just goes to show that when you have enough clout you can pretty much piss off whoever you want.

Link via AmericaBlog (1.0)