Mark Cuban – Anti-stock-fraud web site
News is out that Mark Cuban is funding sharesleuth.com, with the help of veteran business reporter “Christopher Carey, a 17-year St. Louis Post-Dispatch staffer,” and citizen journalists. Dan Gillmor suggested such a project back in May.
…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.”
As an aside, I have a beef with AP’s headline writing, and the news outlets that carried the headline verbatim:
- Journalist: Cuban to Finance Fraud Site – Houston Chronicle,
TMCnet, ABC News, Forbes - Cuban reportedly to finance fraud site – MSNBC
The journalism professor in me prefers the following:
- Journalist says Cuban will back stock-fraud news site – Dallas Morning News
- Journalist says Cuban will back stock-fraud news site – Team 4 News, TX
Subtle but important difference.
