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| DNF Addict Last Online: 11-23-2009 11:26 PM iTrader: (20) Join Date: Jul 2002
Posts: 5,753
DNF$: 6,442 Location: Florida | Photos of Alleged SnapNames Shill Bidder Nelson Brady & Our Thoughts on the Scandal Today in the Lowdown at DNJournal.com: Exclusive photos of alleged SnapNames shill bidder Nelson Brady and our thoughts on the scandal that is rocking the domain industry. The company's former VP of Engineering has been fired but the fallout is far from over. http://www.dnjournal.com/archive/low...s/20091104.htm
__________________ DNJournal.com MythBuster: Former Farmer Gregg McNair Proves Opportunties Still Abound in the Domain Business NameNewbie.com |
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| | #6 (permalink) |
| - x ɐ l ǝ ɹ -
Country: | I had a picture, but I'm only giving the URL because it is mildly-NSFW: http://img23.imageshack.us/i/dirtyhalvarez.jpg/ (hope this doesn't offend anyone)
__________________ Seriousness is the only refuge of the shallow. Oscar Wilde |
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| | #7 (permalink) |
| Making Everything Click Name: Chris Last Online: Yesterday 01:19 PM iTrader: (112) Join Date: May 2005
Posts: 9,415
DNF$: 15,390 Location: Dirty South
Country: | Today was truly a very sad day for our industry but in a way this needed to happen. Hopefully oversee.net can untangle the mess and come out ok (considering all things) As far as the Nelson Brady dork goes, he might as well get used to the idea of living in a jail cell. There is no way that he is going to commit such a large scale fraud & cost this company millions of dollars overall (minimum) and not goto federal prison. Hey for all we know this matter goes even farther up the line than just this doomed queerbait though. Time will tell, & greed will get ya everytime. |
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| | Though not hard evidence, it is supported on a couple of other pages and blogs where it's theorized that as a major stockholder in SN, he inflated the revenues and profit margins to make it attractive to Oversee, who forked out 25M for the company. He kept doing it, and by his own admission in an email thread another member posted, started backing out. He could not of been acting alone though. My theory is Oversee got wise, confronted Snapnames, who fingered Nelson. But as the old saying goes, the truth always comes out in the end. I don't think for a minute we've heard the end of this story. Not by a longshot. |
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| | #12 (permalink) |
| Platinum Lifetime Member Last Online: Yesterday 04:48 PM iTrader: (27) Join Date: Mar 2005
Posts: 1,858
DNF$: 1,010 Location: Jedi Temple
Country: | Placing a face with alleged Mr. Fraud. Thanks Duke.
__________________ A Premium *Product Specific* .Com: ComputerSpeakers.com |
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| | #14 (permalink) |
| DNF Member Last Online: Today 07:49 AM iTrader: (46) Join Date: Jan 2007
Posts: 2,120
DNF$: 149 Location: Canada
Country: | Oversee.net shouldn't even be allowed to touch anything...the proper authories should be locking that place down and going through all the files. The dollar amount is too high and the whole thing probably goes so deep that only an outside third party should be trusted to untangle this. JMO Is Oversee.net on the stock exchange??? or a private company?
__________________ . . . Buying LLL.ca & LLLL.com /generic domains, pm w/pricing...thx |
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| | #16 (permalink) |
| Platinum Lifetime Member Last Online: Yesterday 08:03 PM iTrader: (6) Join Date: Apr 2006
Posts: 1,786
DNF$: 740 Location: MyGreenDomains
Country: | Its further proof of the greed and corruption running rampant in every part of our business world. If something isn't done to get a handle on this it will eventually destroy our capitalistic free markets. This is the very reason our economy is in the gutter now...and its the one thing that can and will destroy the freedoms we all enjoy. In my opinion this is a bigger threat than all the terrorists combined. Last edited by H2FC; 11-05-2009 at 02:09 PM.. |
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| | #17 (permalink) |
| Dances With Dogs Name: info [@] gerry.mobi Last Online: Today 02:34 AM iTrader: (73) Join Date: Dec 2006
Posts: 10,317
DNF$: 25,569
Country: | If he was driving up prices, he was driving up the value of the company (SnapNames) as well. As being one of the startups and one of the investors in SnapNames, I am sure he profited quite nice from the $25 million sale. The net worth of a company is going to be based on its revenue and track record. So how much of that was propped up by falsely inflated prices, bids, and sales? I see this as being no different from insider trading and cooking the books - manipulating the prices to attract potential buyers. I am sure Oversee.net sees this as the case now. Was the company indeed worth $25million? or only $16mm? As for allegations, I don't need to provide proof. Proof is in my own SnapNames account and the accounts of hundreds (thousands?) more. It will be up to Nelson and the SnapNames upper echelon to prove this was not the case. That will be a failed task. |
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| | #18 (permalink) |
| DNF Addict Last Online: Today 07:22 AM iTrader: (13) Join Date: Aug 2002
Posts: 1,793
DNF$: 2,581 Location: NYC | Bernard Madoff did it all alone . Nelson Brady did it all alone. Yeah . Sure . ![]()
__________________ Bra.info, Figure.info,Genetics.us,Genome.us, Biometrics.us,Nanotech.us, HollywoodTimes.com, DNAcode.com,GeneticTechnology.com are on sale. |
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| | #19 (permalink) |
| Domain Addict Name: Aaron Last Online: 11-23-2009 02:48 AM iTrader: (58) Join Date: Apr 2002
Posts: 2,489
DNF$: 4,429 Location: SC
Country: | What was the snapnames bidder id that this person was using?
__________________ BrokeringDomains.com Caretake.com LandscapingService.com Multimillion.com Dropshippers.us Hammock.us |
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| | #20 (permalink) |
| Bloody lovely Last Online: Yesterday 02:57 AM iTrader: (394) Join Date: Feb 2004
Posts: 23,904
DNF$: 4,079 Location: USA
Country: | He Admitted Lustful Violence Against Rear Entrance Zoink!
__________________ ![]() DomainGang.com - Domainers' Most Awesome News Source Acroplex - Web & Graphics Acro.net - My Blog |
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