An important message from Snapnames

[PRED]

Most corporations have legal liability insurance, it might actually be a legal requirement for financially active American corporations.



No matter how much it escalates, Oversee will gain a lot more by clawing back what they paid for Snapnames, as I explained in my post above.

It is important to note that all they have committed to pay back is a tiny fraction of what they gained - they are only paying out on ONE of Brady's accounts, they have cleverly removed access to our order history for the most relevant years, so, we have to trust their assessment of what they owe, and no-one will receive any compensation for over-paying on auctions in which that one, specific account was not the second-last bidder, no matter how much his presence and bids artificially inflated the winning price.


Lawyers make more money from these actions than almost anything else and this is a pretty juicy situation, if word gets out there will probably be a mini stampede of firms trying to sign us up for an action. HOWEVER, the one thing that would put them off is the relative dis-unity, fragmentation and anonymity of domainers as a group. That is why Oversee are testing the water and trying to lowball us. The vast majority of people who received that original email will have been alarmed but also hopeful that they had an unexpected pay-out coming their way. Few would have bothered to visit a forum such as this and, even here, few seem to realize the extent to which they've been defrauded, and just how low-ball Snapname's proposal is.


They have not contacted the police because the time to do it would have been before they fired him. The police should have been actually waiting at the office with a pair of handcuffs and a bar of soap.

Oversee have not involved the police because that would mean an actual, proper investigation, not this sham "independent", "forensic" sham, in which a firm of lawyers, who specialize in minimizing the amount of money that criminally negligent companies pay to their victims, will be operating strictly under the ridiculous assertion that Brady used only one account.

Police involvement and the plea bargain process would quickly have Brady singing like a canary, revealing the full extent of his involvement and, almost certainly, the involvement of everyone else on the management team.




If you bought a single domain from Snapnames since 2003, you HAVE been affected, because his frantic activity inflated the entire perception of what domains where worth, even in auctions in which he didn't make an appearance.

thanks for the great replies k:

btw, you joined in 2003, what took you so long to pipe up. you seem a real asset to this community imho

 

[Jacksplat]

My order history is also gone for the years concerned. Makes it a difficult to believe snapnames is being transparent about the whole thing at this point. With the history being hidden I can only take it for face value that the PR email sent claiming they caught the villain is in fact a needed step for the inevitable discovery of their own actions.

I'm happy with many of the names I've gotten at snapnames, I've outbid halverez when I needed a name, and even outbid vaxis twice but it was freeking costly. I can only wonder how many halverez' there are around the auction houses these days.

 

[barefoot]

Oh, the irony...

Never, ever ask what Nelson will do for $60.

That was posted on 08-03-2006, 06:33 PM.

Hmmm..... :uhoh:

 

[Leading Names]

603 replies. 30,944 views. Wish this was one of my sale threads :lol:

- Rob

 

[Mike Cruz]

I am getting this close | | to transferring all of my names out of moniker (not much) if we can't at least get some type of response out of Bari / Monte... it is starting to get very worrisome and I can only imagine how the people with hundreds to thousands of domains with Moniker are feeling right now...

 

[demaxxus]

I am getting this close | | to transferring all of my names out of moniker (not much) if we can't at least get some type of response out of Bari / Monte... it is starting to get very worrisome and I can only imagine how the people with hundreds to thousands of domains with Moniker are feeling right now...

I think Moniker's pretty worried about losing everyone's business too. By sheer coincidence I had to transfer a few hundred domains away from Moniker today, and almost immediately I had someone email me to ask why I was moving them.

 

[Fearless]

I think Moniker's pretty worried about losing everyone's business too. By sheer coincidence I had to transfer a few hundred domains away from Moniker today, and almost immediately I had someone email me to ask why I was moving them.

I think that's normal Moniker protocol.

 

[TheLegendaryJP]

I think that's normal Moniker protocol.

I agree with Gregory, I had a bowel movement today and John M. called to see if he could lower my sewage rate.

 

[DN BROKER]

I am getting this close | | to transferring all of my names out of moniker (not much) if we can't at least get some type of response out of Bari / Monte... it is starting to get very worrisome and I can only imagine how the people with hundreds to thousands of domains with Moniker are feeling right now...

Just get out while you can... this matter is going to be investigated and moniker may be connected to the scam - then your domain's will be in danger! I would transfer out to GoDaddy, as of this week it's the only trusted registrar I give the green light too!

 

[raoul]

run on the registrar

 

[Credit]

Moving all my domains out of Moniker atm

 

[DN BROKER]

Moving all my domains out of Moniker atm

Good for you, need more people to follow your footsteps. No need to take chances with your assets with a company connected to the fraud.

What happens next, domains go missing! Can't risk it, it's time to stand up for your rights and march as a community to get the message out loud and clear!

GAME OVER

 

[mvl]

Just get out while you can... this matter is going to be investigated and moniker may be connected to the scam - then your domain's will be in danger! I would transfer out to GoDaddy, as of this week it's the only trusted registrar I give the green light too!

I understand the reaction, but there is a difference between your savings in a bank and a domainname that you hold. Could you describe the scenario that would lead to losing your domain names? I don't see why a bonafide customer would lose his/her domain names due to investigations.

 

[StianStian is verified member.]

Moving all my domains out of Moniker atm

I was about to do the same, but then I thought of the fact that Moniker has never lost a domain to theft and I'm sure they will work harder than ever to prevent it from happen from here on. I'm sticking with Moniker for sure.

 

[Credit]

I was about to do the same, but then I thought of the fact that Moniker has never lost a domain to theft and I'm sure they will work harder than ever to prevent it from happen from here on. I'm sticking with Moniker for sure.

I have personally never experienced any problems with Moniker, but I have no idea how this whole thing will play out. I don't want to take any chances.

 

[DN BROKER]

I was about to do the same, but then I thought of the fact that Moniker has never lost a domain to theft and I'm sure they will work harder than ever to prevent it from happen from here on. I'm sticking with Moniker for sure.

Bad choice. Their not going to loose your domain as you stated their record is clean. But whats not clean in the present time is that they are part of the oversees dynasty!

 

[StianStian is verified member.]

Bad choice. Their not going to loose your domain as you stated their record is clean. But whats not clean in the present time is that they are part of the oversees dynasty!

We don't know anything for sure yet, I believe a lot of people here is overreacting. This is a scandal for Snapnames indeed, but what if there only was one single person who was responsible? People talk about filing police reports and class actions, but what good comes out of it other than making the domain industry looking even dirtier to the public?

If you lost "thousands of dollars" due to halvarez (which I doubt many of you did), then you will be refunded (with interest) by Snapnames. They have hired an external, independent and highly reputable company to clear up the mess for them and I'm sure they will do a fine job.

Stuff like this happens in every market niche out there and imho it shouldn't be used as an argument against the domain industry.

 

[VirtualT]

Just get out while you can... this matter is going to be investigated and moniker may be connected to the scam - then your domain's will be in danger! I would transfer out to GoDaddy, as of this week it's the only trusted registrar I give the green light too!

:lol:

 

[Seraphim]

I won't be leaving Moniker. They offer great renewal rates, their customer service is solid once again, and I can dabble in a vast array of ccTLDs should I want to. One guy at Snap messed up bad, but why punish Moniker...

 

[rentdn]

I think transfering names out from Moniker will not solve our problems , it will create only new problems . Why to transfer out names from a registrar who have exellent for us during many years ? I'll stick with them yet

Interested poll results 50% vs 50% , but I don't think this gonna happen. I think most of us will evantually will use snapnames again. As they have best succusfull rate of catching from pending delete. We can't ignore that fact , and every week you can find real gems in PreRelease list , and I do not beleive that 50% of us will ignore that fact correct me if I'm wrong