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Overstock.com and execs sued for securities fraud, crypto strategy and bizarre CEO statements cited.

Overstock.com and execs sued for securities fraud; crypto strategy and “bizarre” CEO statements cited – The Block

A two count federal securities fraud lawsuit against Overstock.com, Gregory Iverson and Patrick Byrne was filed Friday in Utah federal court. This follows Iverson’s resignation as Overstock CFO on September 17 and Byrne’s resignation as CEO on August 22. The lawsuit alleges that after a long streak of losing money, Overstock “embarked on a blockchain …







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