Overstock.com and Patrick Byrne Caught in Another Lie

Standard

liarliarOverstock.com (NASDA:OSTK) is truly the gift that keeps on giving if you are a fraud investigator. The company and its wacky and incompetent CEO Patrick Byrne have been caught in yet another lie.

The antics of Overstock, Byrne, and paid stalkers Judd Bagley and Mark Mitchell have been documented over and over. I’ve really only touched the surface of this issue. Journalist Gary Weiss and reformed criminal Sam Antar have documented all the gory details. Continue reading

The SEC Investigation of Overstock Was Because Patrick Byrne is Trying to Expose Corruption on Wall Street?

Standard

That appears to be what Patrick Byrne is suggesting in this interview. The story keeps changing. At one point, Patrick said he and Overstock.com (NASDAQ:OSTK) weren’t really the target of the SEC investigation. Rather, the investigation was focused on others (hence the “celebration” of subpoenas). When the SEC issued a no-action letter, suddenly the investigation really was about Overstock and Patrick, and they were vindicated (according to their supporters).

Byrne blathers and I paraphrase…. Continue reading

The Sith Lord Rears His Ugly Head Again

Standard

The Sith Lord lives on, according to Overstock.com (NASDAQ:OSTK) CEO Patrick Byrne. I am thankful that we have Wacky Patty to look out for the interests of investors. He gave a speech March 3rd at the University of Utah, and the school newspaper wrote about his comments.

And who would have guessed that Byrne was going on and on about conspiracy theories? Again, he’s talking about naked short selling. And of course, naked short selling is the reason Overstock’s financial performance stinks and the stock is such a bad investment.

As usual, there is a conspiracy between journalists and hedge funds to screw investors. And now organized crime is involved, and Byrne laughably is quoted as saying: Continue reading