Overstock.com’s “Libel Factory” Deep Capture shut down by Canadian court

October 22, 2011 by  

It appears Canada doesn’t abide a CEO inventing crimes against one of it’s own. Vancouver’s Altaf Nazerali has won a court order to – least temporarily – shut down the deepcapture.com website.

From Stockwatch:

The order came the same day that Mr. Nazerali filed a notice of claim against the site and its operators. He claimed that deepcapture.com linked him with Mafia figures and an associate of Osama bin Laden, among others. The defendants included naked short-selling conspiracist Patrick Byrne, who is the publisher of the site. (Mr. Byrne is also the chief executive officer of Internet retailer Overstock.com Inc.) Also a defendant was Illinois resident Mark Mitchell, who the suit identified as the author of much of the material that Mr. Nazerali complained of.

According to the suit, deepcapture.com posted the defamatory material in a series of chapters. One, dated July, 2011, stated that Mr. Nazerali was an important figure at Bank of Credit and Commerce International, “the massive criminal enterprise that did business with everyone from La Cosa Nostra and the Russian Mafia to Colombian drug cartels.” His business partners, as listed in the passage, included Mufti al Abbar, “chief market manipulator for Muammar Qadaffi,” and “an impressive number of securities traders who are also narco-traffickers (such as Paul Combs, until Combs was whacked by Nazerali’s mobster friend Egor Chernov).”

Another chapter claimed that Mr. Nazerali’s associates included Yasin al Qadi, “Osama bin Laden’s favorite financier.” It also linked with other Middle Eastern figures. “Nazerali, recall, has working relationships with … members of Al Qaeda’s Golden Chain, the regime in Iran, Pakistan’s ISI, the chief of Saudi intelligence, the ruler of Dubai, the royals of Abu Dhabi, La Cosa Nostra, the Russian Mafia, and others in the Milken network.”

Look for Byrne & cronies to decry this to be an attack on his first amendment rights. The problem for Byrne – who recently got Current TV’s Young Turks to praise him for attending Occupy Wall Street – is that Canada doesn’t appear to accept that blatantly lying about people to be a right.

Gary Weiss opines:

It will be interesting to see what happens next. I presume the website was shut by its web host, and of course there’s nothing to prevent Byrne from moving the content to Iran or wherever, all the while bleating about how his right to make stuff up about people has been infringed by dastardly Canadians. The judge is just going to love that.

Yes, this most definitely will be interesting.



6 Responses to “Overstock.com’s “Libel Factory” Deep Capture shut down by Canadian court”

  1. Kilroy K. on October 28th, 2011 8:15 am

    Why do you NSS shills parrot each other? Practically all of you “fraudbusters” are phonies. There’s was StockPatrol, who’s publisher (Hartley Bernstein) just happened to be a “former” market criminal. There’s “White Collar Fraud”, who’s publisher (Sam Antar) just happens to be a “former” market criminal. There was the “Fraud Discovery Institute”, which was run by a recently convicted market criminal (Barry Minkow), who, like the others claimed to have found a direction in life. “Reformed” Barry was posing as a preacher, and was using collections from his congregation to run his “Fraud Discovery Institute”. Of course, the DFI proved to just another one of your vehicles enabling short-and-distort racketeering.

    BTW, that naked short selling shill Gary Weiss has been caught “sockpuppeting” as Tom Sykes (among others), sending NSS shill work out directly from computers within the DTCC, and complimenting Barry Minkow for his fine work.

    With 200+ pages of detailed allegations regarding a secretive and shadowy world, it would be practically impossible for an investigative reporter to not make at least one error, so I think everyone knew there would be a legal challenge coming from somewhere at some point. This particular Nazareli was not the only one mentioned in the massive report. There are probably 100 names. Funny that there’s been no challenge until now, and it was done trough a Canadian court in order to place the heaviest possible burden of proof on DeepCapture. In the end, I think DeepCapture will win. If not with this Nazareli, then with one or more of the other 100 or so names standing accused of basically the same thing. JMHO

  2. jimbo on November 16th, 2011 1:57 pm

    The NSS mafia at work again.

    Byrne, and honesty, will prevail.

    Weiss and Antar notwithstanding.

    p.s., Byrne has never been sued for his well-researched facts.

  3. William K. Wolfrum on November 16th, 2011 5:13 pm

    He’s never been sued except for the current lawsuits against him, you mean.

  4. Kilroy K. on January 25th, 2012 9:41 am

    William, have you read the latest? It seems the Canadian court wasn’t so appreciative of Nazerali’s attorneys misleading the court in their ex parte request for the injunction. The injunction against the website was lifted, and Deep Capture is back in action exposing the criminal nexus. Read more here:


  5. Rush Limbaugh & Overstock.com’s Patrick Byrne: Misogynists getting their due « News « William K. Wolfrum Chronicles on March 5th, 2012 4:43 am

    [...] matter how hard he tries to libel & slander business journalists  (he’s currently being sued for libel in Canada), his company will pay the ultimate price for his [...]

  6. Overstock.com CEO Patrick Byrne is palling around with terrorists « Opinion « William K. Wolfrum Chronicles on April 14th, 2012 11:06 am

    [...] his push to “reform” the Utah school system by making it a voucher program and runs the libel factory known as Deep Capture – shared some of his radical, paranoid views with Hancock, including his claims that [...]

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