It was the time when I just newbie in the industry and made my first three $XXX websites sales on flippa and gathered around $1000 in profit, that i decided to reinvest and was after buying Advice.net & Claim.net, which were being auctioned at godaddy for no reserve that time. But since both of them crossed $1000 mark, I settled for Critic.net and Suck.net which I paid $XXX each.
As soon as I got the ownership of Suck.net I started receiving emails (4 emails in one week , saying that the missed on auction and want to buy domain and offered from $500 to $3000 for only suck.net) I responded everyone and was feeling as on top of the world. Then I researched a little and listed domain on GFY and namepros, soon I got $5000 and $1000 offer on GFY whereas $200, $500, $1000, $2500 offer on Namepros. I decided to raise the person on GFY to $12500 but he held me to $7000 and no one else went above $5K mark, but when I was about to agree I just received a $14K from a namepros member. I agreed on the deal instantly. He was an old member named "Kuerten" and asked me send invoices via paypal.( I was too new to the industry and was not knowing that we should use escrow for that kind of deal.... to be honest I went crazy after hearing $14K and was out of my mind)
He said that since I am new to the community so I should push domain first and then he will pay for invoice I sent him. He was a verified paypal and old namepros member, also he was offering me twice the amount then the best offer I had, in addition I knew that whenever i push any domain from godaddy then Godaddy asks for confirmation that the transfer is legal or not. So i agreed and pushed him domain.
He was supposed to pay me within 15 minutes, but he disappeared and was not answering, it was night time and I had made a phone call on the new whois record phone number to ask for payment, and he said that he don't knw what I was talking about. Then I contacted many godaddy executives and non of them were helpful at all... they used to transfer calls and feel sorry for me. Again the whois changed after few hours and I saw that this time I was of a web hosting company.
So I contacted Namepros Admin Eric Lyon, who in true sense guided me and banned that scammer immedietaely after few verifications.
then after his and few fellow namepros members guidance I came to know about attorneys and possible actions that I could take against scammer, So I hired an attorney who suggested to file a dispute at WIPO, and it was going to cost me $1500 for single Arbitrar and $4K for panel of three arbitrar. Now the trouble I had was I did not hve any funds, as I was newbie, i also knew that If I paid $1500 and get back Suck.net then I can earn atleast $7000 , that means $5500 in profit. So I decided to gather Funds and took chances with my other .net domain I had then "Critic.net" on Flippa. I asked my sister to please let me use her card and purchased a ultra premium listing worth $350 for Critic .net and got it sold successfully on Flippa for $5100. I was very happy and used escrow this time, andgot my funds.
Now I had paid $1500 to attorney who contacted with current owner of Suck.net and we came to know that this is the same person who had me offer of $1000 on GFY, scammer sold him domain same night as he had posted $1000 offer on my gfy profile which was visible to all.
So we agreed on settlement with current owner, paid him $1000 back and reclaimed back suck.net for $1000 (paid to OP) + $1500 (attorney took for WIPO, that he said is non refundable), and hence Suck.net was back after spending $2500 in all.
Now I was motivated to sell the domain on Flippa and listed it there and was surprised to see domain go up to $10K, but the resereve was not met, in middle the $497K bin was triggered by some indoneasin member and I told flippa to verify them and decided to decline as they don't seem ligit, I also showcased it on topspot for a day and spent over $500+ again in listing but it was not sold then.
I was happy to receive offers of upto $12500 from flippa bidders, but was now committed to sale the domain for atleast $14K, as I was offered once. (I know I was stupid on that)
Since then I had received many $X,XXX offers from many DNF and Namepros members, once I was also offered a piece of land in USA in exchange by Namepros member Ezcoms
and I never accepted any offer.
The person who was offering me $10K on flippa has reduced his offer to $9K now as he think that .net credibility is reduced, and currently i am sitting on thename and planning to develop it into something good as I am from a family who will kill me even if I watch porn, so I can't even imagine of developing it into pornsite.
This domains earns me $50/ month in parking till last month and now it being developed.
I have all the communications snaps and details near me, Ali if you want can show you all.
I would like to thank Eric Lyon and other members who tollerated my panic at those stressful days and still helped me and showed the correct path. I lost my trust on Godaddy and paypal from that day, and never takes risks now with both of them. I know it was all my fault, and I learnt a lot from that. I believe that I paid $2500 as tution fees to learn importatnt lessons of life, I am very bad at expressing things, still hope that you understand the entire case. if any queries please feel free to ask me
Thank You !