Crazy Eddie Says Overstock Is Cooking Its Books

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Crazy Eddie Says Overstock Is Cooking Its Books

03-11-2008, 11:47 AM,

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mandy Offline

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Crazy Eddie Says Overstock Is Cooking Its Books

Everybody is after poor Patrick...first the Sith Lord and now Crazy Eddie Confused

tolensmiley:

Quote: Sam Antar, a self-described convicted felon, takes credit for helping mastermind the Crazy Eddie securities scheme, one of the largest fraud cases of its time (it predates Enron). Because of his experience, Antar says, he knows fraud when he sees it -- and he thinks he sees it in Overstock.com.

The feud between Antar and Overstock.com CEO Patrick Byrne has to be one of the weirdest dramas unfolding in business today. It has all the makings of a made-for-TV movie, or at the very least, an episode of Arrested Development. Antar obsessively argues that Overstock.com is falsifying its financial results and misleading investors. Byrne, for his part, denies the charges -- and has implied that Antar has a financial interest in trashing Overstock.com...

full article: http://blog.wired.com/business/2008/03/c...e-fra.html

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