Overstock.com: Only In Utah
By Gary Weiss: Overstock.com (OSTK) CEO Patrick Byrne isn't much for unintentional irony, and he proved that in a press release on Wednesday, patting himself on the back for winning Ernst & Young's "Entrepreneur of the Year Award": "This is a great win for the company," said Byrne. "I could not have done it in any other state but Utah or without the help of the entire Overstock.com team." I've had occasion to differ with the good "doctor" on occasion, but not this time. Overstock.com and its CEO are very much a made-in-Utah phenomenon, though perhaps not in the way that Byrne may have wanted it construed. In the nearly three decades since I began writing about securities fraud, Utah has stood out as the most receptive locale for that activity. So Byrne is definitely right in a general sense, in that his serial violations of the securities laws, from spit-on-the-sidewalk stuff likeComplete Story »
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