Overstock CEO Patrick Byrne resigned on Thursday after being with the company for more than 20 years after revealing his ties to an FBI probe and making comments about the deep state and “Men In Black.” As Fox Buisness reports:
“In July I came forward to a small set of journalists regarding my involvement in certain government matters,” Byrne said in a letter to shareholders. “While I believe that I did what was necessary for the good of the country, for the good of the firm, I am in the sad position of having to sever ties with Overstock, both as CEO and board member, effective Thursday, August 22.”
Chairman Jonathan Johnson has been named interim CEO.
Last month, Byrne disclosed he was involved in an FBI probe into a Russia investigation and admitted to having a relationship with Maria Butina, a Russian citizen who was convicted of crimes related to the 2016 election. In an Aug.12 press release, he said it was the third time in his life that he “helped the Men in Black: the first was when my friend Brian Williams was murdered, and the second was when I helped the M.I.B. shake up Wall Street a decade ago.”
In an interview with FOX Business’ Varney & Co., Byrne said the investigation is “all about political espionage” and that he thinks “we are about to see the biggest scandal in American history.”
It is unclear who Byrne is referring to when he talked about the “Men in Black.” Likewise we also don’t know if what Byrne knew about the inner workings of what he called “political espionage” was part of what caused him to be fired from his job.