Overstock.com (OSTK) Falls As Consumer Fraud Investigation Highlighted
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The downside pressure seen in Overstock.com Inc. (Nasdaq: OSTK) mid-day Tuesday is related to a blog post at "While Collar Fraud", which discuses the recent California District Attorney’s investigation into allegations of consumer fraud.
The blog claims Overstock.com is obstructing and stonewalling the investigation, including a recent request for the company to turn over the present or last known contact information for certain former employees with knowledge of alleged fraudulent pricing practices.
Shares of Overstock.com are down 4.3 percent in mid-day trading.
You can read the entire blog post here.
The blog claims Overstock.com is obstructing and stonewalling the investigation, including a recent request for the company to turn over the present or last known contact information for certain former employees with knowledge of alleged fraudulent pricing practices.
Shares of Overstock.com are down 4.3 percent in mid-day trading.
You can read the entire blog post here.
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