It is 'due diligence' here. A bank can be held responsible if drug money is passed through its accounts so what gives Sedo an alibi when what would appear to be a 'wire fraud' transaction takes place. They have the power and responsibility to carry out 'due diligence' in all transactions they partake in. As a wire fraud this is a federal matter in the US for sure, and oh yes, Sedo has a US office, so one would assume are directly covered by US laws.
I agree that Sedo is the primary one at fault here excluding the person who stoll the name.
Has anybody reported the eBay sale to eBay yet? (By the way the eBay listing clearly is misleading as it says the domain has not been 'sold since registration in 1992'.) This just stinks more and more. The seller also has a seller rating of 149 and 100% positive, and the item location is given as Hollywood, California.
P.S. I love the US Federal 'Wire Fraud' laws, I wish ours were as clear and encompassing here in the UK.
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Onward, well done mate. Focus, good one mate.