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Old 11-04-2009, 11:29 PM   #1 (permalink)
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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
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Old 11-04-2009, 11:36 PM   #2 (permalink)
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Wow, not good.

:(
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Old 11-04-2009, 11:45 PM   #3 (permalink)
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He was obviously helping to cook the books for investors.
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Old 11-05-2009, 12:48 AM   #4 (permalink)
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Angry

There is Nelson Brady in every DN auction house
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Old 11-05-2009, 01:10 AM   #5 (permalink)
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Angry

There is Nelson Brady in every DN auction house
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Old 11-05-2009, 01:18 AM   #6 (permalink)
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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)
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Old 11-05-2009, 03:04 AM   #7 (permalink)
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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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Old 11-05-2009, 06:55 AM   #8 (permalink)
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He's a propped up scapegoat...
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Old 11-05-2009, 09:07 AM   #9 (permalink)
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Quote:
Originally Posted by Doc Com View Post
He was obviously helping to cook the books for investors.
Can you support that allegation?
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Old 11-05-2009, 09:17 AM   #10 (permalink)
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Can you say class action?
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Old 11-05-2009, 09:23 AM   #11 (permalink)
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Quote:
Originally Posted by DaddyHalbucks View Post
Can you support that allegation?
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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Old 11-05-2009, 09:26 AM   #12 (permalink)
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Placing a face with alleged Mr. Fraud. Thanks Duke.
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Old 11-05-2009, 09:28 AM   #13 (permalink)
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Quote:
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can you say class action?
class action
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Old 11-05-2009, 09:41 AM   #14 (permalink)
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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?
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Old 11-05-2009, 10:06 AM   #15 (permalink)
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Always good to have a face to go along with a name. Thanks!
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Old 11-05-2009, 11:53 AM   #16 (permalink)
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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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Old 11-05-2009, 12:28 PM   #17 (permalink)
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Quote:
Originally Posted by DaddyHalbucks View Post
Can you support that allegation?
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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Old 11-05-2009, 09:19 PM   #18 (permalink)
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Bernard Madoff did it all alone . Nelson Brady did it all alone. Yeah . Sure .
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Old 11-05-2009, 09:33 PM   #19 (permalink)
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Send a message via AIM to clemzonguy

What was the snapnames bidder id that this person was using?
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Old 11-05-2009, 09:37 PM   #20 (permalink)
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He
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Zoink!
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