Overstock CEO Patrick Byrne quits after admitting secret relationship with Russian agent and being involved in FBI probe into Hillary Clinton
Overstock.com's CEO Patrick Byrne resigned on Thursday as he deals with the fallout from his involvement in an FBI Russian espionage probe
His resignation follows a drop of over 30 percent in Overstock's shares over two days earlier this month which rattled investors
Byrne recently admitted he had a romance with Russian agent Maria Buttina
He said he was involved in probes 'about political espionage conducted against Hillary Clinton and Donald Trump' and was involved with the FBI since 2015
By Reuters and Leah Mcdonald For Dailymail.com
Published: 12:55 EDT, 22 August 2019 | Updated: 15:52 EDT, 22 August 2019
Overstock.com's CEO resigned on Thursday weeks after he admitted to having a relationship with a Russian agent and being involved in an FBI probe.
The company's stock prices surged 5 percent after Patrick Byrne resigned following his claim of being involved in a Federal Bureau of Investigation probe into Russia and former U.S. presidential candidate Hillary Clinton.
His resignation follows a drop of over 30 percent in the online retailer's shares over two days earlier this month, with investors rattled after Byrne claimed in a statement that he had secretly been involved with the FBI since 2015.
The stock briefly surged 15 percent after the announcement of Byrne's resignation.
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https://www.dailymail.co.uk/news/article-7384433/Overstock-shares-surge-15-CEO-Patrick-Byrne-quits.html