“I Hate to Lose,” Mark Cuban’s latest blog post boldly states — this begs the question of whether or not Mr. Cuban’s hate for losing would drive him to a life of crime to avoid losses. At this current moment, the SEC has reason to believe that he would cheat and commit a felony to do exactly that.

Copernic (CNIC), previously Mamma.com, is the stock that Mark Cuban is alleged to have participated in insider trading with. The SEC has charged Mr. Cuban with selling 600,000 shares of the company when he received insider information that the stock’s value would be diluted due to outside investments. The value of the stock sold was around $750,000.

Ironically, Copernic was said to have been delisted from the NASDAQ exchange on November 3, 2008, by a CNBC analyst. In-depth reviews of the company’s trading history amidst delisting pressure from NASDAQ  possibly revealed information that caught the SEC’s attention.

If this news turns out to be true and Mr. Cuban admits to the crime, his punishment will not involve jail time. However, if he fails to admit to the crime and is found guilty, he could serve jail time, just as Martha Stewart did. Considering the scrutiny that Wall Street is under by both the public and the government, the timing couldn’t be any worse for Mr. Cuban.

Surely this news will forever be a scar on Mark Cuban’s reputation.