I’m fascinated by Overstock.com CEO Patrick Byrne, whose in-your-face deceptions and misconduct are a constant challenge to securities regulators. Rarely in one location can one find so many issues, ranging from shady accounting to ethical and corporate governance lapses.

The latest relates to Overstock.com’s selective disclosure concerning a junk lawsuit that it filed against a hedge fund and an independent research firm called Gradient Analytics. Gradient issued research critical of Overstock a few years ago, so naturally it was sued.

More on the latest tidings can be found here.  This is not an isolated event, and it makes you wonder: why hasn’t the SEC, which is investigating Overstock and Byrne, taken action?

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