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Monday, May 12, 2008 --- 100 days ago http://seekingalpha.com/article/76807-patrick-byrnes-hype-versus-overstock-coms-
| Sam E. Antar submits: My criminal cousin Crazy Eddie Antar once told me that “people live
on hope and their hopes and dreams must be fed by through our spin and
lies.” Apparently, Overstock.com (NASDAQ: OSTK) CEO Patrick Byrne has
adopted my cousin’s despicable mantra as he continues his unabated
manipulative schemes to hype his company’s financial prospects.
As detailed in previous blog posts ( here , here , and here ),
Patrick Byrne’s vindictive self-described campaign to “knee the shorts
in the groin… for fun and amusement” is an affront to the integrity of
our financial markets and raises serious issues of securities law
violations for both Byrne and Overstock.com, both of whom are under
investigation by the Enforcement Division of the Securities and
Exchange Commission. In addition, new information contained in
correspondence between the SEC Division of Corporation Finance and
Overstock.com, resulting from its review of the company's financial
disclosures, show new deceptions by company management and material
misstatements of certain previous financial reports and disclosures. Complete Story »
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