In a complaint filed by the SEC, Dallas Mavericks owner Mark Cuban has been charged with insider trading in stock of the also-ran Internet search company Mamma.com. According to the feds, Cuban unloaded his 600,000 shares after learning from the company’s CEO that Mamma was going to raise money through a private investment round that would dilute his shares.

After hearing the information, Cuban allegedly said “Well, now I’m screwed. I can’t sell.” Of course, the allegation is that he did sell, and avoided a loss of $750,000. He reportedly told his broker “sell what you can tonight and just get me out the next day.”

[The Smoking Gun] Mark Cuban Charged With Insider Trading

[WSJ] SEC Charges Mark Cuban With Insider Trading