Interim Overstock CEO: tZERO Investigation by SEC “Almost Dormant”
- An investigation by the SEC into a $134 million STO (security token offering) by Overstock ( NASDAQ:OSTK ) subsidiary tZERO seems “almost dormant,” Overstock interim CEO Jonathan Johnson told Fox Business this week.
- Johnson, stepped to helm Overstock, after long-time CEO and founder Patrick Byrne resigned August 22nd.
- Byrne abruptly left the company after disclosing to the media that he had been involved in a “Deep State” debacle involving a romance on American soil with an alleged Russian spy and “pro-gun lobbyist” Maria Butina.
- While that may be the case, others have alleged mismanagement at Overstock and tZERO.
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