Litigation

Overstock ?executive? playing on the internet again

By Tracy Coenen

I put the word executive in quotes because I don’t think anyone in their right mind really considers Judd Bagley an executive at Overstock.com (NASDQ: OSTK). He is the smearmeister for Patrick Byrne. They like to call him an investigative reporter, but his investigation skills lack one critical element: accuracy.

This weekend, Judd, “Director of Communications” at Overstock.com was patting himself on the back for what he thought was a good bit of investigative work. Turns out he took a few facts, threw in several falsehoods, and drew erroneous conclusions that he’s now proclaiming as truth around the world wide web.

Judd’s primary duty at Overstock.com seems to be stalking and smearing those who ask questions about the company and those who point out “unusual” things in the company’s financial statements. Never mind that the company is a total POS: always losing money and burning through cash faster than Patrick Byrne can say “burn those kids.”

Overstock is announcing earnings this week, and what better time for Judd to crawl out from under his rock than now… there must be some awful information coming! This is the company’s usual M.O…. divert your attention away from the crappy performance. (more…)

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Full post as published by The FRAUDfiles Blog on January 28, 2008 (boomark / email).