26 March 2011 by Judd Bagley
In the absence of a legitimate defense, hacks always attack the whistleblower’s mental state.
24 March 2011 by Patrick Byrne
An email Sam Antar sent on May, 2010 puked out of my junk email folder today. Note that besides addressing it to me, the board of directors of Overstock, Overstock’s president Jonathan Johnson, and our colleague Kevin Moon (who counts IR among his many duties), Sam addressed it to various staff members of the SEC [...]
17 March 2011 by Patrick Byrne
Barry Minkow spent last week in plea negotiations regarding a federal indictment on which he is hoping to receive only 5 years, says his lawyer. (LA Weekly: Barry Minkow to plead guilty to insider trading). In December, 2010, a Florida judge threw her proverbial book at Barry Minkow, and it glanced off Sam Antar, who [...]
17 March 2011 by Patrick Byrne
Today was a red-letter day for Barry Minkow and Sam Antar, who have provided DeepCapture so many Rosencrantz and Guildenstern moments. To summarize: 1) Barry Minkow turned out to be, once again, a crook. See Bloomberg: Minkow in Plea Talks With US Prosecutors Over Fraud Case, Lawyer Says, and LA Times: Barry Minkow to plead [...]
13 March 2011 by Patrick Byrne
You may remember Peter Weir’s 1998 film, The Truman Show, in which the protagonist (Jim Carrey) is enjoying what he perceives as a picture-perfect life in the idyllic town of Seahaven, but which is in fact a 24/7 TV show being broadcast globally from an enormous Hollywood sound stage. The process by which he comes [...]
28 February 2011 by Patrick Byrne
“I am really going to enjoy watching Goldman Sachs try to justify its nefarious schemes to a jury box with 12 Americans in it,’ he said.” That was Fortune Magazine quoting me on January 28, 2011, regarding the escalation of Overstock’s claims against Goldman Sachs, in an article entitled, “Nastiest CEO lashes out at Goldman”. [...]
27 December 2010 by Patrick Byrne
Point #1: Agents in a marketplace first commit to a trade, and then exchange the property rights they committed to trade. The financial jargon for the mechanism which permits this exchange of property rights is “clearing and settlement”. Point #2: In the USA there is much slop in these “clearing and settlement” mechanisms. Processes that [...]
19 December 2010 by Patrick Byrne
On Thursday Overstock, a company for which I work by day (and most evenings and weekends, too) issued the following press release: “Overstock Adding Racketeering Allegations to Ongoing Lawsuit vs. Goldman Sachs and Bank of America Subsidiary Merrill Lynch: Company Files Motion to Amend its Lawsuit to Add Claims of Civil RICO“ Numerous stories quickly [...]
11 December 2010 by Patrick Byrne
Readers may have noticed my relative absence of late. I assure you that the mission of DeepCapture is often front-of-mind, but to pay the hosting fees and other expenses of our investigative journalism I maintain a day job, and some periods are busier than others. Also, I have been comfortable watching events take their natural [...]
21 November 2010 by Mark Mitchell
SAC Capital and other hedge funds might finally pay the piper.