If you are into domaining and perhaps you also like a good Aaron Sorkin movie like “A Few Good Men” or “The Social Network” then you need to spend some time, and it will take a bit of time, to read the story of CQD.com on Namepros.
Everything is encompassed in this story, from forum trolls taking pleasure in a well known broker getting scammed, to Network Solutions being Network Solutions and just removing a domain without even notifying the owner it’s being removed. In a move you never saw coming, you will see the buyer who got scammed, getting the domain back, the real owner who now has gotten scammed come into the thread and blast everything that moves, threatening to sue all parties involved.
You will see John Berryhill give some great commentary and then another member come in an tell Berryhill that some of his points were wrong and they duke it out for several posts.
You will see the Escrow.com KYC (Know Your Customer) function be called out for failure in this case.
This is a post you must read, it brings up a lot of points that you should ponder about your own portfolio, sales efforts and security.
This is one of the most interesting and I would say important forum threads in a long time.
TL,DR James Booth paid $25,000 plus escrow for CQD.com, the domain was taken out of his account, he was scammed and the Escrow.com KYC did not prevent it. He got legal team involved, Web.com investigated for 3 months and gave him the name back. The real owner (22 years of ownership) came to Namepros saying she was scammed. Booth posted he proposed a solution. Trust me read the thread.
Bonkers! So the name was stolen and then stolen back??? Great write up Raymond I felt like I had to read this thread.
So will she get the name back and why doesn’t Escrow protect us from this kind of stuff?
wat a bizness… never heard of netsol giving a domain back. the lady seemed believable, she might think her name worth more than it be.
James needs to give the nane back, he is in possession of stolen property. Either he does now,
Or ruins his reputation, and a court awards if baxk.
Doesn’t this guy live in Thailand, why should the us justice system work for him?
It’s like people on Panama wanting all the perks of their location, but wanting the us protections, no thanks.
Booth brothers have a reputation after the shill bidding on NameJet scandal? that is great.
Why does where Booth is located mean anything? I doubt he is taking a $25,000 hit.
If someone stalks something, and you buy stolen goods at a discount, when the rightful owner makes a claim,those goods are returned.
Just as if someone broke into your house, stole your computer, and pawned it.