This would be in regard to the ongoing tribulations at Overstock.com. There lies a tangled tale of egos and executive-level feuds, centering on controversial Overstock exec. Patrick Byrne. According to Mr. Mad-Money himself, Jim Cramer,

"I didn't get the subpoena because I'm corrupt...I got it because I tried to get people out of a stock that we said was going lower, and went lower."

More via BusinessWeek.com:

TheStreet.com subpoenaed in SEC probe

The Associated Press/WASHINGTON
By MARCY GORDON
AP Business Writer
February 28, 2006

A second financial news organization was subpoenaed for records in an investigation by the Securities and Exchange Commission, whose chairman has now put the subpoenas on hold amid controversy.

Financial news Web site TheStreet.com and its co-founder and major shareholder, James Cramer, were served subpoenas by the SEC about two weeks ago in connection with an inquiry into allegations of stock manipulation. Two columnists for Dow Jones online publications, Herb Greenberg of MarketWatch and Carol Remond of Dow Jones Newswires, also received subpoenas in the SEC investigation related to online retailer Overstock.com.

Jordan Goldstein, general counsel of New York-based TheStreet.com, said Tuesday in a telephone interview that the company had objected to the subpoenas dated Feb. 6 demanding records of communications. He declined further comment...

Check out the full article at here. For further details on Overstock's financial restatements and accounting overhaulin', check out this Contra Costa Times article.

-- MDT

Labels: Patrick Byrne