Foreign Collusion, Naked Shorting (Counterfeiting) & Money Laundering — All Illicit Wealth
The Fall Of Overstock’s Mad King
Forbes, 30 September 2019
Recently, Patrick Byrne, The Founder And Longtime Ceo Of Former E-tailing Giant Overstock.com, Made Headlines By Resigning, Saying His Involvement As A Federal Informant In The Investigation Of Accused Russian Spy Maria Butina Made Performing His Duties Impossible. That’s Not The Whole Story. This Is. Continue reading “Article: The Fall Of Overstock’s Mad King”
Byrne Sells Overstock Stake to Buy Crypto and Battle ‘Deep State’
Danny Nelson, 20 September 2019
In a blog post at his DeepCapture.com, Byrne said that, by the end of the week, he will have reinvested all of the proceeds into “investments that are counter-cyclical to the economy.”
“Gold, silver and two flavors of crypto,” he wrote.
A longtime proponent of cryptocurrency — Overstock was one of the first companies to accept crypto payments, launched the tZERO security token trading platform and acquired the company behind Ravencoin — Byrne was ahead of the curve, but perhaps too much so, as the external pressures against him compelled his resignation from the company last month. Continue reading “Article: Byrne Sells Overstock Stake to Buy Crypto and Battle ‘Deep State’”
Overstock Falls to Support as Former CEO Cashes Out 4.7M Shares
JUSTIN KUEPPER, 19 September 2019
Overstock.com, Inc. (OSTK) shares fell to key support levels after former CEO Patrick Byrne disclosed the sale of 4.7 million shares in a Form 4 SEC filing earlier this week. While large insider sales are typically a bearish signal, Byrne noted in a letter that the sale was due to insurance, controversy, and hedging rather than a lack of confidence in the company. Continue reading “Article: Overstock Falls to Support as Former CEO Cashes Out 4.7M Shares”
Ben Winck, 19 September 2019
Overstock founder and former CEO Patrick Byrne sold nearly 5 million shares totaling roughly $90 million in order to invest in “counter-cyclical” assets like gold and cryptocurrencies.
Byrne plans to make his new investments by Friday. He can also provide “a capital injection if needed by buying back into Overstock” as soon as March 17, 2020, a Wednesday blog post highlighted.
The former executive added that his move into crypto and precious metals allows him to move his capital “outside acts of retaliation from the Deep State.” Continue reading “Article: Overstock’s controversial former CEO sold his entire $90 million stake to pile into gold and crypto investments (OSTK)”
Overstock’s Former CEO Patrick Byrne Unloads His Entire Stake
Lauren Debter, 19 September 2019
Overstock founder Patrick Byrne, who resigned abruptly as CEO last month, has sold his entire stake in the online retailer.
Byrne unloaded close to 5 million shares, worth about $90 million before taxes, according to a regulatory filing Wednesday evening. Byrne was previously the company’s largest shareholder. Last month, after resigning, he told Forbes that he intended to hold onto his shares, saying he had “great, great enthusiasm for the prospects of the company.” Continue reading “Article: Overstock’s Former CEO Patrick Byrne Unloads His Entire Stake”
Overstock says it will loosen restrictions on bizarre crypto-dividend
Josh Kosman
New York Post, 18 September 2019
Overstock said Wednesday it will loosen a bizarre tangle of restrictions on a blockchain-based dividend that critics said was concocted by ex-chief Patrick Byrne to stymie short sellers.
Overstock’s Patrick Byrne: the rise and fall of a blockchain pioneer
Scott Thompson, 25 August 2019
Patrick Byrne this week resigned as CEO of US online retailer Overstock. The move closely followed the announcement of disappointing Q2 2019 financial results.
In a letter, he said it was impossible to continue due to distraction and fallout related to his involvement in a Federal Bureau of Investigation Russian espionage probe. Continue reading “Article: Overstock’s Patrick Byrne: the rise and fall of a blockchain pioneer”
JD Alois, 22 August 2019
Former Overstock (NASDAQ:OSTK) CEO Patrick Byrne was visiting with the studios of Fox News today following his abrupt resignation earlier today from the company he founded.
Byrne is widely recognized as a pioneer in the blockchain sector having launched several companies, including tZero, targeting the issuance of digital assets/security tokens.
Byrne, interviewed on The Story with Martha MacCallum, went on the air making serious allegations against former Obama Administration officials. The entire proceedings were shocking.
Byrne explained that he has been troubled by the chain of events and he recently spoke to long-time family friend Warren Buffett for advice – who told him to come forward. Continue reading “Article: Patrick Byrne Goes on Fox News Making Serious Allegations Against Former Obama Administration Officials”
Antonio Olivero, 03 August 2019
FRISCO — This weekend, a trio of Breckenridge locals will join a group of three dozen Colorado residents cycling across Massachusetts to raise millions for cancer research.
Thirty-six Colorado riders — including Kaitlynn, Lisa and Meghan Sockett, of Breckenridge — will join more than 6,700 riders Saturday and Sunday to pedal the 192 miles of the 40th annual Pan-Mass Challenge with an overall goal of raising $60 million for cancer research and patient care at the Dana-Farber Cancer Institute in Boston. Continue reading “Article: Breckenridge family to cycle across Massachusetts this weekend in Pan-Mass Challenge cancer fundraiser”
World’s Most Successful Athletic Fundraiser Pan-Mass Challenge Celebrates Milestone 40th Ride
PRNewswire, 03 August 2019
Today, the Pan-Mass Challenge (PMC) embarked on its 40th ride, with more than 6,700 cyclists from 43 states and 12 countries committing to pedal various distances across Massachusetts throughout the weekend. These cyclists are coming together with the common goal of raising an unprecedented $60 million – $4 million more than last year’s gift – for cancer research and patient care at Dana-Farber Cancer Institute (Dana-Farber). If achieved, Overstock.com CEO and PMC rider, Patrick Byrne, has pledged an additional $1 million donation to the cause, bringing the organization’s 40-year contribution to more than $715 million. The PMC, which raises more money for charity than any other single athletic event, donates 100 percent of every rider-raised dollar directly to Dana-Farber as its largest single contributor, accounting for more than 54 percent of the annual revenue of its Jimmy Fund. Continue reading “Article: World’s Most Successful Athletic Fundraiser Pan-Mass Challenge Celebrates Milestone 40th Ride”
Overstock founder Patrick Byrne pitches radical transformation of government services via blockchain
Aaron Hankin, 12 February 2019
Even Venezuela can easily be fixed, Byrne claims: ‘We could step into Venezuela with six laptops and create not only a functioning society but arguably one with the most advanced government systems in the world’ Continue reading “Article: Overstock founder Patrick Byrne pitches radical transformation of government services via blockchain”
Overstock CEO Patrick Byrne Is An Innovator And Survivor – Utah Business
windowswear, 02 January 2019
Patrick Byrne, the CEO of Overstock is known as two things: innovator and survivor. Over the course of his life, Mr. Byrne has beaten cancer three times, hepatitis twice, and endured over 100 surgeries and medical procedures. From this, he draws inspiration.
“Life is short,” said Mr. Byrne in a recent interview with Silicon Slopes. “Samuel Johnson says, ‘When you tell a man he’s to be hung in a fortnight, it tends to focus his mind tremendously.’ Well, I’ve been very focused on getting some things done and it has lasted about 30 years. It’s probably the best thing that ever happened to me. If I hadn’t gotten cancer I probably would’ve been a lifeguard somewhere and not nearly as driven.”
Alongside this constant battle, Mr. Byrne has grown into one of Utah’s most notable innovators. In 1999, he launched Overstock.com to corner an emerging market: discount goods sold via the internet. Continue reading “Article: Overstock CEO Patrick Byrne Is An Innovator And Survivor – Utah Business”
Will Naked Short Selling Make a Comeback in 2019?
Cynthia Hetherington
Hetherington Group, 2 January 2019
Many investors “Go Long,” meaning they purchase stocks with the hope of gaining returns as the price of the security increases. A short seller, on the other hand, borrows on a stock and sells, hoping the price will decrease.
A third type of investor is known as a Naked Short Seller. No, this isn’t the story of a guy sipping mai tai’s on a tropical beach in his birthday suit (although he could be and not be committing fraud!).
Overstock’s Founder Bets on Blockchain, Not Bedsheets
Paul Vigna, 23 November 2018
In August 2015, Overstock.com Inc. Chief Executive Patrick Byrne rented out Nasdaq Inc.’s Times Square broadcast studio for a lavish party to unveil his newest project, a blockchain-based trading system called tZero.
Three years later, tZero still hasn’t launched commercially, and it is burning through millions of dollars a month. Yet Mr. Byrne is staking his company’s future on it and more than a dozen other blockchain startups. Continue reading “Article: Overstock’s Founder Bets on Blockchain, Not Bedsheets”
Bitcoin spikes as CEO predicts crypto revolution
Jonathan Symcox, 07 November 2018
The CEO of a rival to eCommerce giant Amazon expects that cryptocurrency will be adopted around the world as established financial systems collapse. Overstock boss Patrick Byrne likened the present system to a Ponzi scheme in an interview with crypto YouTuber Naomi Brockwell.
“People turn to it where they collapse, like Venezuela or Cyprus or Syria, something like that,” Byrne, whose platform began accepting bitcoin back in 2014, said.
“When people start getting into it is when their own financial systems collapse.
“So yes, given that I think the entire modern financial system is a big Keynesian, magic money tree Ponzi scheme, I do expect that the day will come when people turn to crypto.” Continue reading “Article: Bitcoin spikes as CEO predicts crypto revolution”
THE DOLLAR HAS NO INTRINSIC VALUE : DO YOUR ASSETS?
