Ex-Overstock.com CEO sells $90m In shares, Says ‘Deep State’ out to get him

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.”

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