The CEO Of Overstock.com Took Out A Full Page Ad In The Wall Street Journal Mocking Steven Cohen

Overstock.com CEO Patrick Byrne took out a full-page ad in this morning's Wall Street Journal shredding billionaire Steven Cohen for his hedge fund's indictment by a Federal Grand Jury earlier this week.

The firm, SAC Capital, has been charged with insider trading.

Byrne's animosity didn't come out of nowhere — on a 20o5 conference call the CEO of Overstock.com said that "Sith Lords" were naked short-selling his stock and destroying the company. He later identified them to be SAC's Steve Cohen and Michael Milken.

And indeed, last year a bunch of lawyers for major banks accidentally leaked emails describing how they allegedly short-sold the stock and leaked techniques to hedge fund clients.

Now that you know where all the hate comes from, check out the ad below (via Instagram: ognjenglisic)

"Congratulations on the indictment, Stevie, and remember: roll early, roll often. You friend Patrick M. Byrne, CEO of Overstock.com," it reads. Major schadenfreude.

WSJ Steven Cohen ad

Instragram

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