Katt Williams implicitly defends Mark Cuban

UPDATE: We posted this video over the weekend but it’s become a lot more relevant since the Securities Exchange Commission filed a civil lawsuit against Mark Cuban for insider trading today.

On Mamma.com of all things!!

The Commission is seeking to impose financial penalties and confiscate gains from the trades. It is up to the U.S. Attorney in Dallas to determine whether Cuban should face criminal charges.

“As we allege in the complaint, Mamma.com entrusted Mr. Cuban with nonpublic information after he promised to keep the information confidential. Less than four hours later, Mr. Cuban betrayed that trust by placing an order to sell all of his shares,” Scott W. Friestad, deputy director of the SEC’s Division of Enforcement, said in a statement. “It is fundamentally unfair for someone to use access to nonpublic information to improperly gain an edge on the market.”

Anyway, the hilarious Katt Williams made it clear long ago that he thinks this is no crime and Martha Stewart got a bad rap:

Here is more from the diminutive, leprechaun-like pimp Katt Williams. In this clip, from his HBO special like the others, he discusses meeting famous black people as a newly minted black celebrity himself:

And here are his thoughts about women who complain about damaged self-esteem:

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