Patrick Byrne, CEO of Overstock, resigns after making Deep State admissions in bizarre “Spygate” scandal twist
08/23/2019 // JD Heyes // Views

The founder and now former CEO of, Patrick Byrne, has stepped down from his post after he stunned investors with a frank admission earlier this month that he was a government informant involved with the Deep State. 

Last week, as NewsTarget reported, Byrne noted during an interview with the Fox Business Network that he had a role in the “Trump-Russia collusion” hoax — a.k.a. “Spygate” — perpetrated by blind followers of President Obama.

The news site reported that Byrne was involved at one point with Russian spy Maria Butina, a gun rights activist who recently pleaded guilty to conspiracy in exchange for assisting the Justice Department with ongoing investigations. She has also been romantically linked to GOP operative Paul Erikson, who’s also been notified he’s the target of a federal investigation himself, the Washington Examiner reported.

Byrne and Butina were together for about three years. She was sentenced to 18 months in prison in April for infiltrating the National Rifle Association on behalf of the Russian government.

But the really shocking news came when Byrne told FBN host David Atman that Attorney General William Barr was set to drop the hammer on others involved in Spygate, which was really an operation to depose POTUS Donald Trump after he unexpectedly beat Hillary Clinton, very soon.

“I ended up in the center of the Russian and the Clinton investigations. I have all the answers. I have been sitting on them waiting for America to get there. Last summer I figured out… what they all are is all about political espionage,” he told Asman.


“It had nothing to do with law enforcement, it was all political espionage. Here’s the bottom line. There is a Deep State like a submarine working just beneath the waves of the periscope depth watching our shipping lane. And a nuclear ice breaker called the USS Bill Barr has snuck up on them and is about to ram midship,” he continued.

“That’s about to happen and I think we’re about to see the biggest scandal in American history as a result. But it was all political. Everything you think you know about Russia and Clinton investigations is a lie. It’s all a cover-up. It was all political espionage,” Byrne said.

When Asman asked if Barr was going to “get to the bottom” of Spygate, Byrne asserted that Barr already has. (Related: MIND BLOWING: Did the Deep State CIA “pull the strings” and help orchestrate the El Paso massacre?)

A most bizarre twist in the biggest political scandal in U.S. history

These frank admissions sent shockwaves through Overstock, tanking its stock value and leaving investors shaken and disturbed and causing Byrne to announce that he is stepping down as CEO to be replaced by director Jonathan Johnson, a 17-year veteran of the company and who recently served as head of Overstock’s blockchain firm, Medici Ventures.

“While I believe that I did what was necessary for the good of the country, for the good of the firm, I am in the sad position of having to sever ties with Overstock,” Byrne wrote in a 1,600-word letter, Zero Hedge reported.

He said in his letter that he “came forward”  to a small group of journalists” in July “regarding my involvement in certain government matters.” He said he did so on his own after he “was reminded of the damage done to our nation for three years,” adding that he “felt my duty as a citizen precluded me from staying silent any longer.”

Byrne also lamented the fact that, for three years, he watched the U.S. “pull itself apart while I knew many answers, and I set my red line at seeing civil violence breaking out.”

Following Byrne’s public statements about his involvement with the Spygate scandal, Overstock’s value plummeted 36 percent, trimming some $317 million off the company’s market cap. The company’s value skyrocketed 17 percent following his public resignation letter.

Byrne founded the company in 1999.

Sources include:

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