Overstock CEO resigns after revealing relationship with Russian agent

Overstock.com CEO Patrick Byrne resigned Thursday after revealing that he had a romantic relationship with Maria Butina, a woman accused of acting as an unregistered Russian agent.

Byrne said in a letter to shareholders that he had to quit because remaining in the job “may affect and complicate all manner of business relationships.”

Byrne said in a previous interview that he met Butina at a 2015 libertarian convention, and that she eventually started asking about people connected to the presidential campaigns of Hillary Clinton and President Trump.

He referred to his role in the “deep state,” saying he had helped FBI agents he referred to as “Men in Black” with their investigations.

Overstock shares rose by more than 10 percent after Byrne announced his departure.

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