Jawed

So you are suggesting that these mute spectators (top management apparently) who kept their mouths shut for years and let the fraudulent activities taking place in an organised and well planned way are off the hook. Amazing ideas!!

homebuyer

How is this case different from Adam Dicker's at TDNAM (undisclosed bidding in your own company's auctions)?

http://www.namepros.com/domain-name-...enanigans.html (post 7)

proTrader

Halvarez?????? He was in most of the auctions in which I had participated and that was mostly in 2008. Looks like snap owes a lot to me.
BDW, would it matter if he wasn't a second highest bidder in auctions?

larryharlow

50.000 auctions X $200 dollars if there was only one bidder besides Halvarez : $10.000.000 WOW!

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maxeaus

I think Rick is right on the money in his blog, as i metioned before, how do you account for money you would of had to buy more domains, in which you would have maybe sold to end users?

The Rick Schwartz Domain and Traffic Blog RicksBlog.com...Home of the "Domain King": Domain Industry Derailed by Scandal. An Inexcusable CRIME spills on Everyone.

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gemstar

This may be a full circle of historic events. Ironically the Gov't may once again take over the net due to the greed that ruined it.Imagine! no more auction houses! drops are free for all with no middle gremlin disrupting it. Everyone caught cheating for example all registrars and the like will have to forfeit there domains to the next drops! After all, all assets obtained under criminal activities are seized by the Gov't.

Peter

Ok first things first who the hell do you think Snapnames would of asked to investigate to see if the practice was ongoing? Yes that's right quite possibly the person in charge of development funnily enough that sound like the job of someone with the title of VP of engineering.
????: NamePros.com http://www.namepros.com/showthread.php?t=621078

Secondly why not aim your negative aggression at someone who has actually done you wrong instead of me or of course Oversee Rob (who seems to be trying to give people the information that he can).

Do yourself a favor and think before you speak.

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mwzd

Actually, having read through most of the posts, I'm inclined to give Oversee the benefit of doubt - looks like they just found out about this and doing the best they can to provide transparency and restitution.

They are agreeing to restore records and give you the difference in price if that person were to not have been a bidder, plus interest. Pretty fair I would think. Smart to offer a settlement instead of being hit by a multitude of cases? Sure. But in their position would any of us do differently?

How many people would be affected if oversee / moniker / snap were to shut down? Too many. And it would benefit no one, since then they might be unable to offer restitution in any case.

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globegenius

Speaking of law suits, how many will loose any money they might possible have coming when they get counter sued for slander of a person or company ? I'm not defending anyone or a company. Just food for thought. Everything posted here is recorded.

TheBaldOne

1. Nelson has not been arrested and charged - no charges have been laid against him by Oversee/SnapNames.
2. Multiple reports to SnapNames over the past four years by bidders have been constantly denied as without foundation and some of those who have bid have had their accounts closed.
3. SnapNames executives were aware of the claims of schill bidding and publicly denied it.
????: NamePros.com http://www.namepros.com/showthread.php?t=621078
4. Compensation is only being offered where a winning bidder paid an inflated price due, and only due, to 'Halverez' being the second highest bidder.
5. Offering under 6% interest does not equate to the 200% extra damages that can be awarded in court in the form of punitive damages.
6. Many bidders report that 'possible TM implication' emails were received on names they were bidding on in an attempt, some successfully, to disuade further bidding, the name then was won by 'Halverez'.
7. No calculation of compensation is included in the RUST offer of settlement for loss of earnings from parking of those names 'won' by 'Halverez'. If the names were parked then it is easy to calculate the losses by looking at the amount paid out in parking to Nelson. If they were not parked then a comparrison should be sought to formulate parking losses. Neither is rocket science and can be easily done.
8. No compensation for loss of value is calsulated within the RUST calculations where Nelson later sold the domains to iRiet or others, profit that should have been made by the genuine bidder.
9. No proof is offered that the 'Halverez' account was the only schill bidding account being used in the system.
10. No information of other executives or employees being fired has been released indicating that no real investigation of this matter has been undertaken.
11. Oversee.com has included in its offer of settlement a waiver by which any claim against SnapNames or themselves is waived no matter what further evidence emerges.
12. Oversee.com/SnapNames/RUST have put up 'unknown' spokespeople on the forums to try and spin a story, one of whom - 'Oversee Rob' - has admmitted on this forum he does not know the answers to the questions put to him and yet he expects us to accept him as an honest broker of the truth!
13. When Oversee.com bought SnapName they would have carried out an audit of the system and all the figures, this was clearly inadequate or there was deliberate deception on the part of SnapNames towards Oversee.com.
14. Oversee.com/SnapNames/RUST have stated that the bulk occured in 2005-2007, implying that little if any occurred since. Evidence is clear that even up until September of this year the schill bidding of 'Halverez' was taking place.
15. If a firm of accountants and/or consultants were used in the negotiation process to examine the books and transactions of SnapNames before they were bought by Oversee.com then what action has been taken against these companies/persons?
16. Obviously a massive tax fraud is also implied within this fraud, have Oversee.com informed the IRS of its suspicions?
17. On what terms did Nelson 'leave' SnapNames? Was he ceremonially booted out the door with the contents of his desk thrown at him? Or was it a quiet word and a 'settlement' made for him to keep quiet? (As the police and federal authorities were not brought in I fear it may be the last that turns out to be true.)
????: NamePros.com http://www.namepros.com/showthread.php?t=621078
18. How can RUST come up with an impartial settlement offer when they were instructed only by one side? What is more they are being paid by that one side and this is meant to be an impartial and fair settlement offering?
19. What experience does RUST have of the domain industry? Their spokepeople for a start are obviously out of their depth, so how can their 'auditing specialists' possibly understand the values and nuences of the domaing industry? Oversee.com may as well have got the local school crossing attendant to have worked out fair settlements.
20. As there now seems to be a paper trail forming that is leading away from SnapNames to other companies what investigation has been launched by Oversee.com to inquire about these possible unethical/non-legal activities?

The above are just a few points that need to be considered.

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accent

I think anyone considering a class action suit had better look into the adsense click-fraud "settlement". The lawyers got many millions of dollars - cash. The ad buyers that were defrauded got coupons that they could use to bid for ads against other sellers who also had coupons. A joke, just like most class actions are. The only winners are the lawyers.

On the other hand there is no reason to hurry to sign on to the offer, unless you think Snap will go belly up. More information is surely coming, and some of the methods used to calculate the offer could be changed. Remember the Mobi / Sedo auction mess, a collective negotiation may be the best answer.

And everybody please understand the difference between proven facts and speculation. There are few facts out yet, and while attempting to extrapolate the rest is OK, remember that there are other possibilities than those that you can think of.

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mis_chiff

Does anyone know the "real reason" why this is?
????: NamePros.com http://www.namepros.com/showthread.php?t=621078

are they still considering charging him? If not - why?

Would have got the police involved right away if it was me!

Jawed

True but if you are an active player in the game yourself, you will stay million miles away from the police! LOL.

TheBaldOne

I have just read Rick schwartz's blog entry linked to from maxeaus's post above, I really recommend everyone takes a few minutes to read it.

Maxeaus hope you do not mind but I will post your link to Rick's blog again here:

The Rick Schwartz Domain and Traffic Blog RicksBlog.com...Home of the "Domain King": Domain Industry Derailed by Scandal. An Inexcusable CRIME spills on Everyone.

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(Fighters.com recently sold for $110k - so imagine the value of Fig.ht) :)

deb

Its a good article...its worth keeping an eye on his blog ricksblog.com

TestCase

That was an EXCELLENT post/summary above, TheBaldOne!

gazzip

The bidding history is back in our accounts, well it is for me - check yours !




.

worldwide

Auction history is back in everyone account from August 2004


Breaking News: SnapNames.com Puts Back Auction History To August 2004 | The Domains

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http://www.thedomains.com

TheBaldOne

Over on DNF a member has (JMJ) has just pointed out another possible bot account (I cannot verify this), the account highlighted is:

siner

also a possibility of 360corp

This is just a notification for others to check their records, please note that no accusations are made here just reporting what another experienced, well regarded and respected domainer suspects.

__________________
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(Fighters.com recently sold for $110k - so imagine the value of Fig.ht) :)

Oversee Rob

Folks,

SnapNames technical staff has adjusted the existing system so order and bid histories are available back to August 2004, when auctioning began on the SnapNames system. This is now available by logging in to your SnapNames account.

Rob
Oversee Support

Acroplex

Good job, Rob. A well-commended move by Oversee, towards transparency in the "halvarez" scandal. Now I can change my sig back to what it was

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MicroGuy

Yep. The history is back and the only auction I lost, Halvarez was a bidder.

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TheBaldOne

More suspicious accounts are being put forward on DNF.

Now that hopefully 'ALL' trading is back on record it would seem a wise move for domainers to start comparing notes fully (but privately via email or PM I would suggest) about suspicious possible schilling accounts, then if any more are found they can be published.

Nice of you to finally come back online 'OR', now can you answer the points and questions raised please.

__________________
Fig.ht - on Sedo or by negotiation directly
(Fighters.com recently sold for $110k - so imagine the value of Fig.ht) :)

btrader

Have we confirmed that the following "people" are real?

Vaxis
Smarty
SaggyNickels
SaggyDimes
HipHop
GoldCreek
DomainLink
Bum
BonkersTwo
Bonkers
Blogger
Biz
Bigmooli
BenFranklin
asdf

These are the ones to whom I lost the majority of my domains auction.

I think we need to all "Claim" our "anonymous" titles... and then see who is not real.

Anyone working on this???

by the way kudos to oversee for providing ALL auction info (now appears to be available).

Ms Domainer

*

Vaxis is Kevin Ham.

This is fairly common knowledge, I believe.


*

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