Overstock CEO allegedly involved in ‘Deep State’ investigation resigns

The Clinton camp may be breathing a little easier today.

Overstock CEO, Patrick Byrne, announced on Thursday that he was resigning his position due to his controversial comments on the so-called “Deep State” earlier this month.

The Deep State

On Aug. 12, Byrne released a memo that shook the entire country. He explained how he had helped the FBI in its investigations for the Clinton probe as well as the Russian collusion conspiracy.

He stated that he was “operating under the belief that I was helping legitimate law enforcement efforts.”

Byrne clearly later thought the agency was not operating on the up-and-up at the time of these investigations, having used terms like “Deep State” and “political espionage.”

He voiced concerns over the way the investigation into alleged Russian agent Maria Butina was handled. Byrne apparently had a very intimate relationship with Butina and felt this investigation was grossly mishandled.

After Byrne went public with his memo, “Comments on Deep State,” Overstock’s stock started to plummet. While the price eventually recovered, it rose an additional 10% after Byrne announced his resignation.

Stepping Down

With Byrne’s name now constantly in the media for all the wrong reasons, the longtime CEO decided he would step down so as not to interfere with the company’s operations.

His resignation, however, is not a sign that he no longer believes in what he wrote. Quite the opposite, in fact.

He is hoping current agency heads will now investigate his accusations and find the true source of the “political espionage” he believes took place to sabotage a presidential candidate in the 2016 election.

To that end, Byrne recently met with Justice Department officials to express his concerns. According to reports, Justice Department officials did find some of his accusations to be believable.

It has not been revealed, however, if the Justice Department will be acting on the information provided by Byrne.

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