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Who's been affected by the big Snapnames fraud?

Discussion in 'Domain Names' started by Foggy, Nov 7, 2009.

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  1. #1
    As many of you many know, there's been BIG NEWS around over the last few days. Snapnames has admitted that their domain auctions have been rigged for many years now.

    If you bought a domain at a snapnames auction you could be one of the 5% who were forced to bid higher by a corrupt employee (none less than the VP of the company himself).

    Article 1
    Article 2

    Have you been affected?
     
    Foggy, Nov 7, 2009 IP
    chandan123 likes this.
  2. chandan123

    chandan123 Prominent Member

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    #2
    they are giving some rebate. but there are some deletion of history in bidding too if u look bids :eek:
     
    chandan123, Nov 7, 2009 IP
    Foggy likes this.
  3. Foggy

    Foggy Link and Site Buyer

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    #3
    What's annoying is that when snapnames was acquired recently it appears that even the basic due diligence was not done. They didn't even check Network Solutions' opt-out (see comments here)
     
    Foggy, Nov 9, 2009 IP
  4. dcristo

    dcristo Illustrious Member

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    #4
    Look at the domain appraisals on this forum. Clearly, not many members on dp are domainers :D
     
    dcristo, Nov 9, 2009 IP
  5. WallaceYeung

    WallaceYeung Notable Member

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    #5
    before i have followed the news on techcrunch,
    i doubt other companies have done this before like pool.com or sedo etc but we don't know yet.
     
    WallaceYeung, Nov 9, 2009 IP
  6. billjones11172

    billjones11172 Peon

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    #6
    It was very interesting but it doesn't worry me at all
     
    billjones11172, Nov 9, 2009 IP
  7. Pixelrage

    Pixelrage Peon

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    #7
    Wow, that's crazy...I bet their lawyers will have a feast on that guy. Can you imagine what that 5% of customers from 2005-2007 amounts to in dollars?
     
    Pixelrage, Nov 11, 2009 IP
    Foggy likes this.
  8. Foggy

    Foggy Link and Site Buyer

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    #8
    Apparently the buyers didn't do even basic due diligence on acquiring snapnames. And did not even know about the Network Solutions opt out discussed in the comments section here.

    They spent $25 million and didn't bother with the most basic checks?!
     
    Foggy, Nov 11, 2009 IP
  9. WallaceYeung

    WallaceYeung Notable Member

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    #9
    thanks for the link, i read though the blog post,
    it's time to switch to another companies like namejet, sedo, etc. :cool:
     
    WallaceYeung, Nov 11, 2009 IP
    Foggy likes this.
  10. DamnTees

    DamnTees Active Member

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    #10
    i received an email from them so maybe I was affected.
     
    DamnTees, Nov 21, 2009 IP
  11. mediology

    mediology Well-Known Member

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    #11
    If you were affected it would have been mentioned in the email.
    I received the emails. They only mentioned a couple of the domains I purchased with halvarez as one of the bidders and some of the other auctions I won I could not find in my history.
    I did not take the rebate yet. In my case it wasn't a lot but again some $xxxx domains I won at auction were not there so I am waiting to see how everything plays out.
     
    mediology, Nov 23, 2009 IP