alert Deadbeat Megathread

[Rob Monster]

The industry is maturing and new people are coming into it from around the world. At the same time, scammers are getting more sophisticated. Some of them use real, valid credit cards but then initiate chargebacks after cashing out their bogus sale. Some of these folks apparently think nothing of using their real identities to engage in blatant crimes -- digital shoplifting.

Unfortunately, the domain industry does not have a viable law enforcement. In order to mature, the industry has to become effective at self-policing, and self-correcting. In a world of growing wealth inequality, there will be more people doing desperate things. This is regrettable, and cannot be tolerated since it makes it harder for everyone to do business, and puts a bad light on the industry. I would like to see a constructive solution.

For calibration, last month alone, Epik had more than $10,000 in writedowns from 4 Indian domainers who worked together on a single scam involving cash-out to BTC. They know who they are. We have given them a month to sort themselves out and replace the funding source but with no remedy. I think we need a thread where this nonsense gets exposed so that more folks don't get scammed, and so that thugs leave the industry.

I am thinking something like this:

- Allow the deadbeat a reasonable time to fix their error, e.g. at least 7 days but preferably 30 days.

- Give them plenty of fair warning that they will be exposed.

- Bring incontrovertible evidence of the crime and the criminal.

- Allow the information to be retracted/edited once the crime has been corrected.

What do you think?

 

[Bob Hawkes]

I voted probably not for the reasons that various people have already outlined.

I wonder though, if there is reason to consider it from the opposite side. That is some sort of a list of reputable domain buyers and sellers, with clear criteria to get in that list. Then the danger someone takes in doing something wrong is that they would drop out of that list.

Now some would still choose to do deals, especially small ones, with those not on the list, but above some level perhaps most would not.

I would think to be included in a directory of positive sellers would require at least

1. Full disclosure of real identity.
2. Some minimum amount of time in domain investing.
3. A record of successful transactions (like the trade reviews here, but on a wider scale).
4. No reported infractions that a third party deemed warranted.
5. Agreement to a code of professional conduct for domain investors.
6. Membership in NamePros.

Now the down side is that someone would need to run the system and there would be some cost no doubt.

Now already with the careful work that NamePros do with respect to transactions gone wrong and investigating complaints, and keeping the trade reviews etc., I think we are close to it already. If someone has been on NamePros for the better part of a year, has done some transactions and gotten positive reviews, I feel OK dealing with them.

Anyway, just a Saturday afternoon idea.

Bob

 

[barybadrinath]

Sir why not register a complaint against them In India.
If you want I will do that on your behalf. It's very sad and unfortunate, that these so called Indians are doing fraud.

 

[MasterOfMyDomains]

Great idea, people need to be held accountable in this business.

 

[Grilled]

Two of the domain industries biggest DeadBeats::

Brian Royce

Rob Monster

More info::
https://www.namepros.com/threads/th...terbucks-wallet.1284050/page-182#post-8828387

 

[theinvestor]

American Greed here we come. I can’t wait!

 

[Grilled]

American Greed here we come. I can’t wait!

 

[Recons.Com]

Two of the domain industries biggest DeadBeats::

Brian Royce

Rob Monster

More info::
https://www.namepros.com/threads/th...terbucks-wallet.1284050/page-182#post-8828387

Ah, the irony of it with the thread being started by him )))

Or the hypocrisy

 

[Grilled]

ah, the irony ... the hyprocisy...

Unfortunately, the domain industry does not have a viable law enforcement. In order to mature, the industry has to become effective at self-policing, and self-correcting. In a world of growing wealth inequality, there will be more people doing desperate things. This is regrettable, and cannot be tolerated since it makes it harder for everyone to do business, and puts a bad light on the industry...

 

[Recons.Com]

The guy fully figured the weaknesses of the industry and took complete advantage of it. Was fine even exploiting the faith to the full extent.

Talking about the Lord while picking their pockets. Unbelievable.

 

[bmugford]

Speaking of self-policing Rob has quoted Black's Law Dictionary and talked about self-governance multiple times. That is what sovereign citizen nutters do...People who don't want to deal with pesky things like licensing or regulations.

Those things exist exactly for this reason, so an unlicensed escrow company does not commingle funds leaving customers to be f*cked over, while they go into hiding.

Brad

 

[MasterOfMyDomains]

Thanks for reassuring us Eric.
Sure a lot of members in this thread we havent seen for eons.
As for deadbeats, their thieves too. One is even a pro here
Deadbeat thief pro and his stooge.
Keep up the great work

Hello,

Historically, namePros has done a few things:

1. Behind the scenes, namePros works with certain members, bloggers, and companies (Including a large bureau of investigations ) to collectively research, stop, and seek justice for fraud committed within the industry.
2. Publicly, namePros only comments on fraud that took place here and sometimes I have released information to help prevent it from happening again.
3. Technologically, namePros implements some of the best anti-fraud in the industry, which is why for a site that is completely free to register without any KYC or member verification requirement (E.G., namePros doesn't require sending a text code to your cell phone to sign up), despite all that, there are only a handful of incidents each year. That is largely due to the security systems at namePros that are very effective and world class.
4. The namePros community (Members) are skilled researchers and when incidents do happen, they tend to uncover a lot publicly which I think dissuades some scammers from trying anything here.

Hope that helps,