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Showing posts from November, 2007

Utah Attorney General Mark Shurtleff Caught Lying on Behalf of Overstock.com and Patrick Byrne

In a previous item on my blog dated November 19, 2007 and entitled, "Utah Attorney General Mark Shurtleff Panders to Campaign Contributor Overstock.com & CEO Patrick Byrne and Defames Critic," I responded to Utah Attorney General Mark Shurtleff's deliberate efforts to defame me on behalf of campaign contributor Overstock.com (NASDAQ: OSTK) and its CEO Patrick Byrne. Utah Attorney General Mark Shurtleff has ignored my requests to categorically retract his letter and issue a public apology. Enclosed is a taped conversation between Deputy Attorney General Richard Hamp and I that categorically refutes the deliberate lies of Utah Attorney General Mark Shurtleff. Listen to it for yourself. The other person in the tape that he refers to as "Kirk" is Kirk Torgensen, the Chief Deputy Utah Attorney General.Utah Attorney General Mark Shurtleff colluded with a public company (Overstock.com) that is a campaign contributor and it's CEO Patrick Byrne, both of whom are…

Overstock.com and CEO Patrick Byrne: Securities and Exchange Commission Regulation G Violations

A careful analysis of Securities and Exchange Commission Regulation G, guidance provided by the SEC on Regulation G, and Overstock.com's financial disclosures raises a serious question as to whether or not Overstock.com misused certain non-GAAP measures in violation of certain provisions of Regulation G. As detailed, in a previous blog post, entitled "Did Overstock.com CEO Patrick Byrne cook the company's numbers and mislead investors? (Part 4)," Overstock.com (NASDAQ: OSTK) added a new disclosure in its third quarter fiscal year 2007 10-Q that was absent from its third quarter 8-K, second quarter 10-Q, and second quarter 8-K about Regulation G. The disclosure relates to the applicability of Regulation G. In accordance with Section 401 (b) of the Sarbanes-Oxley Act of 2002, the Securities and Exchange Commission established Regulation G which governs the use of non-GAAP financial disclosures by public companies. Months later, staff members in the Division of Corporat…

Utah Attorney General Mark Shurtleff Panders to Campaign Contributor Overstock.com & CEO Patrick Byrne and Defames Critic

Anatomy of a SmearUtah Attorney General Mark Shurtleff's deliberate efforts to defame me on behalf of Overstock.com and its CEO Patrick Byrne have placed a dark cloud on his ethics and integrity as the chief legal officer of the state of Utah. In an interview with the Deseret News, published a fews years ago, Utah Attorney General Mark Shurtleff, once claimed:But as attorney general I have repeatedly demonstrated that campaign contributions make absolutely no difference in how I do my job.Note: Bold print and italics added by me.However, if you a public company under investigation by the Securities and Exchange Commission like Overstock.com, it takes only about $10,000 in campaign contributions to call in a favor from Utah Attorney General Mark Shurtleff. Like Crazy Eddie, Mark Shurtleff's prices are INSAAAANE!On November 14, 2007 Overstock.com issued a press release concerning a blog item that I had written a day after my recent fraud presentation at the Utah Attorney General…