Skip to main content

Sam E. Antar and Judd Bagley from Communicate on DealBreaker Blog

The following communications were made between Judd Bagley Director of Social Media for and I, in comments to a post made on the DealBreaker Blog entitled "Judd Bagley: All Class" by Bess Levin on January 16, 2007.


Would you and Pat engage me in a public debate in front of a public audience over the issues of in a public forum?

Sam E. Antar (former Crazy Eddie CFO & convicted felon)


I'll gladly discuss either the substance of (speaking for myself only), or the essence and theory behind the project I'm heading up for, but I won't be the one to publicly speak about the state or direction of the company itself.

Email me if either of the first two interest you (or if you just want to go to lunch and sound like an interesting fellow).

Judd Bagley


If you are against naked short sellers and illegal manipulation of the markets I am with you too.

However, many people are genuinely concerned about Overstock's ability to ever achieve profitability.

There are others that question some of your tactics in handling dissent. No one in this world is sinless (no insult intended) including you, Gary, or anyone else reading this post. My sins are much greater than every here.

However, there are accusations that you guys may have crossed the line. Even if you guys did not cross the line, your public image is being negatively affected by your actions.

I speak from the experience of my own ruthless actions. If I am a little bit emotional about it, maybe it is because people do not seem to learn from history.

I was an arrogant criminal that smeared my critics at every possibility if necessary. However, I did not have the internet in my time. I did it with whispers and phone calls.

My point is Judd, you may think that I wish you and Pat ill, but I really do not. My hope is that you consider your actions very carefully and reflect on them and judge whether they are in the best interests of

Hopefully, my comments would scare some sense into you guys from the perspective of what I see as a situation spinning out of control.

America is the greatest country ever conceived and comebacks are possible. We are the most forgiving nation on this planet. led by Pat Byrne can turn this situation around, if this side-show stops. Everyone makes mistakes (just never make mistakes of my caliber). You cannot become successful without making mistakes. You become successful by learning from them.

Please be careful not to make mistakes that you cannot recover from like mine. Even big mistakes that are less than criminal mistakes are errors that you do not want to make.

Please carefully consider my advice on this matter and think about it carefully.

Thank you for responding to my post and I will get back to you soon. I am traveling over the next several days.


Sam E. Antar (fomer Crazy Eddie CFO & convicted felon)


john said…
Are Judd or Patrick willing to discuss the substance of the dossier on Gary Weiss? So far, the attack on Gary has been pretty pathetic. Many of the claims Judd and Patrick have made, that Mediacrity if the chief counsel for Bloomberg, that Gary Weiss is Mediacrity, or Mantanmoreland is Weiss... It's not just that they are unsubstantiated. They are laughable. That's what months of research gets them? I am sure I could make up better stories in days.

Popular Posts

Did a Clever SEC Bait Goldman Sachs into Compounding Its Legal Problems With the "Kiss of Death" Message?

Updated: At 3:48 AM ET 04/20/2010 on bottom

The Kiss of Death

In filing its lawsuit against Goldman Sachs (NYSE: GS) on a Friday, the Securities and Exchange Commission sent what I call the "kiss of death" message to the embattled company. In other words, the SEC wanted to stick it to Goldman Sachs and Fabrice Tourre, the Executive Director of Goldman Sachs International, who is also a defendant in the complaint. While the SEC as a practice does inform target companies and individuals of an impending enforcement action, it does not always tell them exactly when such an action will be filed.

Apparently, the SEC filed its lawsuit without giving Goldman Sachs the heads up that it was planning to file it that day. Business Insider observed that Goldman Sachs was clearly unprepared to respond to the complaint as news of the lawsuit dominated the headlines all day. Goldman issued a short denial around noon and issued an extensive denial late in the afternoon, after most people had … CEO Patrick Byrne Sleeps With a Gun

In numerous blog posts in the past, and in widespread media coverage, evidence has accumulated for years that CEO (NASDAQ: OSTK) Patrick Byrne has shown signs of being mentally unbalanced and paranoid.

Byrne has blamed his company's financial woes on an unnamed "Sith Lord." He hired paid goons to stalk his real and imagined adversaries and to write lengthy conspiracy theories on the Internet. Byrne has close ties with Bo Gritz. The Anti-Defamation League lists Bo Gritz as a far-right extremist with “extensive connections to both white supremacists and anti-government groups and leaders.”

Patrick Byrne's infamous temper tantrums when he doesn’t get want he wants are well documented too. He made obscene and misogynistic comments to a female reporter. He suggested that she gave “blowjobs” to Goldman Sachs traders. He suggested that a male reporter “Sucks It Likes He’s Paying the Rent.” An independent research analyst was told that “You deserve to be whippe…

Nature's Sunshine Products, Willbros Group, Cal Dive International, and BSQUARE Violate S.E.C. Rules on Calculating EBITDA

Nature’s Sunshine Products (NASDAQ: NATR), Willbros Group (NYSE: WG), Cal Dive International (NYSE: DVR), and BSQUARE (NASDAQ: BSQR) have recently issued earnings reports which include a calculation of EBITDA (earnings before interest, taxes, depreciation, and amortization) that apparently does not comply with Securities and Exchange Commission interpretations for Regulation G governing such non-GAAP financial measures. In each case, their erroneous EBITDA calculations have enabled them to significantly distort their financial performance by erroneously reporting a positive EBITDA, when they should have reported a negative EBITDA in the latest quarter.

How EBITDA is supposed to be calculated under Regulation G

According to the S.E.C. Compliance & Disclosure Interpretations, EBITDA is defined under Regulation G as net income (not operating income) before net interest, taxes, depreciation, and amortization. See below:

Question 103.01Question: Exchange Act Release No. 47226 describes E…

InterOil, John Thomas Financial, and Clarion Finanz: Anatomy of a Stock Market Manipulation Scheme

In this blog post, I will provide evidence of what I believe is a stock market manipulation scheme involving InterOil (NYSE: IOC), John Thomas Financial, and Clarion Finanz AG. I believe that InterOil with the assistance of Clarion Finanz concealed John Thomas Financial’s involvement in helping it raise $95 million through a private placement of convertible debt securities.

Clarion Finanz acted as a buffer between InterOil and John Thomas Financial to help InterOil hide John Thomas Financial's role in raising funds. Afterwards, InterOil filed false and misleading reports with the Securities and Exchange Commission in an effort to conceal John Thomas Financial’s role in helping the company raise $95 million in convertible debt.

Carl Caserta, who in 1991 was barred by the Securities and Exchange Commission from “association with any broker, dealer, or investment advisor” played a role in helping InterOil use John Thomas Financial to obtain funds from investors. InterOil, John Thoma…

Class Action Complaint against Amedisys uses Sarbanes-Oxley Act Corporate Governance Provisions to Battle Alleged Corporate Malfeasance

Updated at bottom of article

Last week, Pomerantz Haudek Grossman & Gross LLP filed a class action lawsuit against Amedisys (NASDAQ: AMED) charging the company, its CEO William F. Borne and its CFO Dale E. Redman with securities fraud.  In the next few days, Bernstein Liebhard LLP and Finkelstein Thompson LLP filed similar class action lawsuits against the company. The lawsuits allege that Amedisys abused Medicare's reimbursement system for at-home therapy care based on a compelling analysis of company revenues in an April 27 Wall Street Journal article.

In addition, the lawsuits innovatively utilize a provision under Section 406 of the Sarbanes-Oxley Act 2002 which provides a back-door way for investors to force ethical corporate governance and sue public companies for malfeasance. That provision requires Senior Financial Officers, such as the CEO and CFO of public companies, to abide by a strict code of ethics which broadly defines corporate malfeasance and effectively makes…