Share prices for Utah-based Overstock.com dipped to a seven-year low last week after the online retailer said federal investigators want information on current and former executives, including recently departed CEO Patrick Byrne, an eccentric millionaire who has warned that the government is out to get him.
In filings coinciding with the Midvale-based firm’s latest earnings report, Overstock officials said the Securities and Exchange Commission had subpoenaed documents related to a digital dividend offered to shareholders, announced in June and later postponed.
That request followed on an initial probe by the SEC in February 2018 into tZero, the Overstock-owned cryptocurrency firm that was to offer the dividend.