At least this one is much more creative than the Domain Registry of America one. Sadly, some people will still get burned until they learn their lesson and start putting down which companies they use for certain services.
I almost got taken with a similar scam but was alerted by Escrow.com. Very close call! It was a chain of ownership scam using multiple aliases. ie. the owner would collect funds and then request the hijacked domain be returned (and it would be) Also in this case price manipulation was in play. Not sure if this is the real owner but the reg info was:
Yukun Hong
Beijing / Hefei China
phone: +86.13505516685
yukunhong @ gmail.com