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Ex-Overstock.com CEO sells $90m In shares, Says ‘Deep State’ out to get him
Posted on 9/20/19 at 7:35 pm
Posted on 9/20/19 at 7:35 pm
Ex-Overstock CEO Patrick Byrne made waves last month by claiming to have had a relationship with Maria Butina, one that he alleged the FBI encouraged him to rekindle after Donald Trump became the presumptive Republican nominee in 2016.
Now, he’s sold off $90 million in Overstock shares, a move he acknowledged looked a little fishy.
“The riff-raff will tell you that my departure and sale were from a lack of confidence” in Overstock, he wrote in a post on his website.
But that wasn’t the case, he assured readers. Instead, he quickly returned to the subject that first brought him into the headlines last month, culminating in a cable news blitz: The deep state.
Byrne resigned as Overstock CEO after saying publicly that he’d had an affair with Butina and passed information about her to federal law enforcement. After subsequently seeing the public testimony of since-fired FBI agent Peter Strzok, Byrne said, he he came to the conclusion that his relationship with Butina had been part of a larger “political espionage” effort. He described Strzok as an “errand boy.”
Byrne claimed that his “Omaha rabbi,” Warren Buffett, convinced him to go public with his story.
“I know enough to fry the Deep State to ashes,” he wrote of the stock sale, adding: “If I had stayed at Overstock or even remained a large owner of OSTK, they would try to break Overstock as a way of crippling me.”
LINK
Now, he’s sold off $90 million in Overstock shares, a move he acknowledged looked a little fishy.
“The riff-raff will tell you that my departure and sale were from a lack of confidence” in Overstock, he wrote in a post on his website.
But that wasn’t the case, he assured readers. Instead, he quickly returned to the subject that first brought him into the headlines last month, culminating in a cable news blitz: The deep state.
Byrne resigned as Overstock CEO after saying publicly that he’d had an affair with Butina and passed information about her to federal law enforcement. After subsequently seeing the public testimony of since-fired FBI agent Peter Strzok, Byrne said, he he came to the conclusion that his relationship with Butina had been part of a larger “political espionage” effort. He described Strzok as an “errand boy.”
Byrne claimed that his “Omaha rabbi,” Warren Buffett, convinced him to go public with his story.
“I know enough to fry the Deep State to ashes,” he wrote of the stock sale, adding: “If I had stayed at Overstock or even remained a large owner of OSTK, they would try to break Overstock as a way of crippling me.”
LINK
Posted on 9/20/19 at 7:36 pm to cajunangelle
He’s a squirrelly guy but he does have a proven history of informing for the Government so I do think he knows something
Posted on 9/20/19 at 7:37 pm to cajunangelle
Help, I'm steppin' into the twilight zone
Place is a madhouse, feels like being cold
My beacon's been moved under moon and star
Where am I to go now that I've gone too far?
Place is a madhouse, feels like being cold
My beacon's been moved under moon and star
Where am I to go now that I've gone too far?
Posted on 9/20/19 at 7:45 pm to cajunangelle
Down is up is down is up
Posted on 9/20/19 at 7:46 pm to cajunangelle
Does he have a rational basis for this,
or has he gone full 'tin foil hat'?
or has he gone full 'tin foil hat'?
Posted on 9/20/19 at 7:47 pm to jamboybarry
His earning calls involving naked shorting were epic in the early-mid 2000's. I used to set my calendar so I could listen. He once said on one of those quarterly earnings calls he was going to wind up dead in the trunk of his car. He was the CEO of a billion dollar company while stating this scenario.
Posted on 9/20/19 at 7:48 pm to TrueTiger
I listened to an interview and either he is nuts or he is stacked. Guess we will have to see.
Posted on 9/20/19 at 7:49 pm to jamboybarry
quote:
He’s a squirrelly guy but he does have a proven history of informing for the Government so I do think he knows something
He knows plenty. I hope he takes a portion of the $90 million and beefs up his personal security detail, though. Unfortunately, he needs it.
And remember, this is not a Trump guy. He voted for Hillary, but I think this experience has caused him to change his ideas about a few things.
Eccentric guy, but a smart guy. Nobody has been able to poke any holes in his claims as of yet.
Posted on 9/20/19 at 8:19 pm to OchoDedos
I had almost forgot about this guy. He did finger point Peter and he said he gave everything to Barr and Durham.
Posted on 9/20/19 at 8:22 pm to cajunangelle
He turned a 7 million purchase price into 90 million sell price
Posted on 9/20/19 at 8:25 pm to cajunangelle
I think he has mental issues.
Posted on 9/20/19 at 9:12 pm to cwill
quote:
I think he has mental issues.
Isn't that like the pot calling the kettle black?
Posted on 9/20/19 at 9:42 pm to cajunangelle
quote:
“I know enough to fry the Deep State to ashes,”
Then he better write it quick before he suddenly regrets his decisions... namely selling his company, calling out deep state, breathing, staying above room temperature
Posted on 9/20/19 at 10:00 pm to cajunangelle
Reminds me a weird dude that used to hang out at restaurant i worked at during college. He looked like Denise Hopper inb those old nike commercials. And He would say these off the wall outlandish things. He frequently told stories about espionage stuff...we mostly gave him his space and nodding acknowledgemnet. Then one day....then President Clinton comes to town. Dude is standing on the tarmac just behind willie jeff. 2 ft away.
Posted on 9/20/19 at 10:10 pm to cajunangelle
quote:
“I know enough to fry the Deep State to ashes,” he wrote
So how long do you think this guy has left before he’s killed or framed?
Posted on 9/20/19 at 10:13 pm to cajunangelle
I heard that on Glenn Beck’s program and I believe him.
Posted on 9/21/19 at 2:19 am to cajunangelle
What? Did he forget his tin foil hat
Posted on 9/21/19 at 2:45 am to OchoDedos
(no message)
This post was edited on 1/11/21 at 2:16 am
Posted on 9/21/19 at 4:19 am to cajunangelle
He is also vehemently anti-gun rights. But was arrested at Salt Lake City airport with a Glock-23 in his carry-on in 2013.
LINK
LINK
This post was edited on 9/21/19 at 4:21 am
Posted on 9/21/19 at 4:50 am to cwill
quote:
by cwill
I think he has mental issues.
But we all know YOU HAVE MENTAL ISSUES!!!
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