Last modified on June 17, 2021, at 19:13

Patrick Byrne

Overstock.com CEO Patrick Byrne [2]

Patrick Bryne was the founder and CEO of Overstock.com.

Byrne is the son of the founder of GEICO insurance who partnered with Warren Buffett to create a national company.

In the Summer of 2019 Byrne described an illicit and intentional use of an FBI counterintelligence operation to monitor the political campaign of the opposing party.

Byrne is fluent in Mandarin.

How DJT Lost

See also: 2020 Presidential election

Patrick Byrne has written: "the USA has become an oligarchy, and the oligarchy has two wings: Wall Street and the Deep State. We are a republic grown corrupt, and the nation is not being run for the benefit of the people." In describing President Donald Trump's role in history, Byrne writes:

"The people of our country are suffering because elites sold them out. The people can look at what has happened over the last 30 – 40 years, and know they have been sold out. They correctly understand that when they look at Trump they are not looking at an “elite” but one who wants to stand up (however coarsely) against the elites on their behalf. That is his source of appeal, and that is what causes so many to look the other way on his personal foibles."

Byrne wrote on his involvement in the post-2020 election chaos:

Crossfire Hurricane

See also: FBI scandal

On June 8, 2015 Maria Butina approached Byrne at the Las Vegas Freedom Fest. Byrne, who held a security clearance as a member of the CFR, reported the contact with a Russian national to the FBI. By December 2015 Byrne was reporting more frequently on Butina.

In the early GOP primary season of 2016 Byrne was told by FBI handlers to focus Marina Butina’s attention to the campaign of Donald Trump and to diminish any attention toward Marco Rubio or Ted Cruz. Byrne warned FBI officials of a potential that his efforts, his reputation and those who trust him, may result in Butina gaining entry into the confidence of the campaign. The FBI agents told Byrne that was exactly the intent; people high up in the FBI wanted Ms. Butina to gain deep access into the 2016 Trump campaign. Byrne became suspicious of a corrupt political motive, but didn’t say anything at the time.

By June and July 2016 FBI agents requested Byrne to focus on developing a closer romantic relationship with Maria Butina, and to use his influence to target her to closer proximity with the Trump family and Trump campaign. Byrne said the specific instructions were coming to the agents from Peter Strzok as he relayed the requests of those above him Byrne named James Comey, Andrew McCabe, Bill Priestap, and John Carlin (DOJ-NSD).

Wikipedia short selling dispute

See also: Wikipedia#The_Wordbomb_Saga

One of Wikipedia's most bitter and drawn-out disputes, chronicled in The Register,[1] centers around the assertion by representatives of Overstock.com[2] that a mainstream financial journalist Gary Weiss had been editing Wikipedia to impose his point of view on a series of articles relevant to the company. Weiss was once a reporter with BusinessWeek, in 2007 became a columnist with Forbes, and had for over 10 years been posting under fake names to confuse, distort, hijack Usenet groups, stock message boards, and Wikipedia, to prevent the public from understanding criminal activity.[3] Weiss was notorious around the Internet for his public feud with Overstock[4] and its CEO Patrick Byrne,[5] ridiculing their campaign against the controversial practice of Naked Short Selling.

In 2006, Judd Bagley, an ally of Overstock's Patrick Byrne having interviewed the CEO for a personal project, began editing Wikipedia to counter what was perceived to be a skewed representation of Naked Short Selling and Overstock.com. He was swiftly dispatched by influential Wikipedia administrators.

Shortly after, Bagley became Overstock's Director of Communications and embarked on an aggressive campaign to publicize the dispute on various websites, aiming to expose the administrators he held responsible for protecting Weiss. Using the moniker “Wordbomb”, Bagley presented evidence[6] suggesting that not only was Gary Weiss editing Wikipedia using the name “User:Mantanmoreland“,[7] but that he was operating other accounts to manipulate consensus and protect his interests in the dispute. Mantanmoreland violated Wikipedia policies against Conflict of Interest and No Self Promotion by creating an article about himself.[8] Bagley proved Weiss had edited Wikipedia from one of two main IPs used by the Depository Trust and Clearing Corporation (DTCC),[9] the organization charged with settling about a quadrillion stock trades each year. The DTCC is also the organization Overstock.com CEO Patrick Byrne said acts an enabler of perpetrators of illegal naked short selling of many public companies.[10]

After the financial meltdown of 2008, the Securities and Exchange Commission issued directives aimed at curbing abusive naked short selling.[11] Patrick Byrne has been widely recognized as in the forefront of the movement aimed at curbing such abuses.[12]

See also

Reference

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