Man Bites Dog: Crooked CEO is Jailed
By Gary Weiss (bio)
Here’s what’s known in the news business as a “man bites dog” story: a crooked CEO who thumbed his nose at the law has actually been incarcerated.
That increasingly rare event took place in New York City, where the ex-CEO of Universal Express, Richard Altomare, was tossed in the clink.
Altomare is known mainly for spewing stock market conspiracy theories, which seek to blame stock price declines on a nonexistent phenomenon called “stock counterfeiting” (and not on crooked CEOs).
Overstock.com CEO Patrick Byrne, a right-wing crackpot and heir to an insurance fortune, is Altomare’s successor and has funded various phony astroturfing websites to push this phony cause.
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