Is Patrick Byrne Crazy Or Crazy Like A Fox?
Is Patrick Byrne Crazy Or Crazy Like A Fox?
Overstock’s CEO Patrick Byrne resigned yesterday and the interviews he gave after his resignation were quite something. Is he crazy as in crazy? Or crazy like a fox? You be the judge.
First, a little background. Just over a week ago, Byrne made waves with an interesting “Deep State” letter he penned to Overstock shareholders in which he disclosed that the information he shared with Sara Carter was true. What information was that?
“In an interview several weeks ago, Byrne recounted first meeting Butina at Freedom Fest 2015. He described the relationship that developed between the two and revealed that he had initiated contact in July, 2015 with the FBI after his first meeting with Butina. He also disclosed that he met twice with Justice Department attorneys in April, 2019 giving a total of seven hours of interviews on the separate occasions. A source directly familiar with the interviews, confirmed those meetings took place.”
There is much more at the link, including information sent from Maria Butina’s attorney to John Durham and commentary from Warren Buffett. John Durham is the attorney tasked by Attorney General William Barr to investigate the FBI’s handling of the Russia investigation.
The interview and Carter’s report raised eyebrows, and Overstock’s stock took a dive. And then, he announced his resignation. This is the story that Forbes put out earlier yesterday afternoon.
“Byrne, who bought Overstock.com in 1999 and ran it for two decades, has always been a man of many ambitions. High on his list: transforming the African continent and its 1.3 billion people via blockchain technology. Like an infomercial for the nascent decentralized, distributed ledger technology that underlies cryptocurrencies like bitcoin, he waxes poetic about a future in which corruption is wiped out, people are freed from poverty and developing nations can leapfrog ahead by putting government functions like voting, property records and central banking on the blockchain. Characteristically low on his priority list: The economic interests of the thousands of shareholders in his publicly traded former e-tailing giant.”
Forbes also reports that the company’s stock is heavily shorted, one of the major crypto offerings is part of an SEC investigation, and Medici Ventures (the blockchain investment arm) lost $61 million in 2018.
However, let’s go back to his assertions that he was an FBI informant who was helping the FBI with it’s Russia investigation and in fact knew that Maria Butina was working to get meetings with Hillary, Cruz, Rubio, and Trump. Supposedly Byrne reported all this to the FBI. And yet, no one finds out about any of this until Byrne goes public on August 12th?
I will say this, given how many people have been running deep dives into the entire Trump Russia FBI/DOJ debacle, it is interesting that details of this are only seeing the light of day now.
Which led to his interviews with Fox Business and a subsequent interview with Martha McCallum.
In the Fox Business interview with David Asman, Byrne specifically named Peter Strzok as the previously unnamed upper echelon FBI figure who was directing Byrne to stay in contact with Maria Butina. He reiterated that in the McCallum interview.
What are people thinking about his interviews? This gives you an idea.
Overstock CEO Patrick Byrne says the FBI in 2015/2016 reached out to him and got him to help with law enforcement activities that turned out to be political espionage against Donald Trump, Hillary Clinton, Marco Rubio, and Ted Cruz
Byrne says the request came from Peter Strzok pic.twitter.com/ArfL8bpzdx
— Ryan Saavedra (@RealSaavedra) August 23, 2019
By the way, lest anyone really think that Byrne is in the tank for Trump, he has stated unequivocally that he did NOT vote for Trump.
$OSTK CEO Patrick Byrne makes a psychotic appearance on FBN, says he took orders from the GOP-hated Peter Strzok, talks about being "ground into dust" if he stays. Says he was offered a billion dollar bribe, etc ec
Translation: the SEC is closing in.https://t.co/9fmZ8EzVRI
— Gary Weiss (@gary_weiss) August 22, 2019
Here’s the deal. The guy does come across as a few bubbles off plumb in some aspects. However, his statements that tie into all the Trump Russia narrative are already giving the Democrats heartburn. It’s been clear for two years that the media/Left complex wanted and still wants Trump to be a Russian stooge. With Byrne specifically stating he connected the dots and it was Strzok directing the Butino/Byrne connection, what does this do to the favored Trump/Russia narrative?
Given Byrne’s admittedly checkered history that Forbes outlines here, can we or even should we treat Byrne’s assertions as credible?
I’ll ask again. Is he crazy? Or crazy like a fox? I guess we will just have to wait and see.
Feature Photo Credit: Screen Shot via Fox Business YouTube, cropped and modified