Beware the wrath of Cuban

I've said it before and I'll probably say it again, but I love Mark Cuban. His enthusiasm might sometimes cross the line into obnoxiousness, but so would yours if you were a billionaire. Mine does and I'm barely an $11,000aire. If I gave out high honors on this blog, Mark would be the See For Yourself equivalent of a Man Beard.

My latest source of Cuban-love is a project of his, Sharesleth.com. Basically he's trying to find a way to take down corporate crooks and make money while doing it.

This post tells you what they're all about:

• "independent Web-based reporting aimed at exposing securities fraud and corporate chicanery"
• "looking for companies that were built for fraud, for executives who are enriching themselves at shareholder expense, and for businesses whose behavior runs counter to their stated objectives or to the public interest"

and best of all:

Unlike mainstream media outlets, we'’re going to have a clear bias -– against deception and corruption. We'’re going to depart from the traditional "“he said, she said" model of journalism, with its false balance and toothless objectivity. We'’re going to name names and show our evidence, by linking to documents, photographs and other information. We think that approach provides greater transparency than most newspapers, broadcast outlets and Internet news sites currently offer.

Their first investigative piece is out. Check it out for yourself, but it sure looks to me like Xethanol Corporation is a huge scam.

If you ever invest money in the stock market, you really ought to take a glance at the story. There are tons of people out there trying to rip you off (and then after you pick your broker there are tons of companies like Xethanol).