Litigation

Overstock.com: What are you hiding?

By Tracy Coenen

The “Black Ops” train at Overstock.com (NASDAQ:OSTK) has been chugging full steam ahead over the last month, so that can only mean one thing… Patrick Byrne and his minions have something to hide.

And indeed, the fourth quarter financial results were not so good. So in order to deflect your attention from the numbers and the facts, the so-called “executives” spend their time smearing those who criticize the company. Executives take pot shots at writers who question the company and its management… writers like Herb Greenberg, Gary Weiss, Floyd Norris, Zac Bissonnette, and others. And then there’s Sam Antar.

Sure, Sam Antar is an easy target for Bryne and his lead stalker, Judd Bagley. After all, he is a convicted felon because of his role in the fraudulent family business, Crazy Eddie, which caused over a hundred million dollars in losses. But even when doing the right thing, Sam’s still a target… he decided to give law enforcement the goods on the Crazy Eddie business. Of course, instead of portraying this as an individual who took responsibility for his actions and did the right thing by confessing, Sam is vilified as a rat. He can’t win! (more…)

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Full post as published by The FRAUDfiles Blog on February 10, 2008 (boomark / email).