Dan.com

Faheem ChapNames & Level2 Scam

Dynadot Dynadot

dnrabbit

The Rabbit
Impact
62
I reached out to an end user of a domain which I bought in auction last month, and quoted a 4 figure price. The guy sends a LOL to me saying that this name was already offered to him for $400-$600 range last month.

I asked him to forward those emails to me, and it seems that 2 guys had reached out to him 1-2 days before auction and quoted that price. This has ruined the sale for me.

Here are these names of these 2 scammers:
I couldn't find who Faheem was (any clues?)... but after some investigation, I could related Todd's real identity to [email protected] whose real name is Steen Hof and bidding alias on NameJet is MarkMon

Has anyone faced this before?

Beware of these scammers.

PS:
1. If anyone has any info about these guys, please feel free to add to the thread.
2. If the guys who have been named in this thread need proof of my allegations, I'm happy to provide.
 
This is not surprising. Frontrunning is not only a shady practice, the legality is also questionable when the party materially misrepresents their offer. These parties usually represent that they actually own the domain, which is clearly not the case.

I have had deals fall apart because of this in the past. It doesn't really surprise me this is tied to the bidder "markmon". They often bid what I would consider unreasonable prices on many obscure domains with few bidders, probably because they have some kind of commitment from the a potential buyer.

This shit ruins it for everyone. If I catch this I will report it to NJ.

Brad
 
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AbdulBasit.com

DomainsWeb.com
AbdulBasit.com
Impact
13,026
I reached out to an end user of a domain which I bought in auction last month, and quoted a 4 figure price. The guy sends a LOL to me saying that this name was already offered to him for $400-$600 range last month.

I asked him to forward those emails to me, and it seems that 2 guys had reached out to him 1-2 days before auction and quoted that price. This has ruined the sale for me.

Here are these names of these 2 scammers:
I couldn't find who Faheem was (any clues?)... but after some investigation, I could related Todd's real identity to [email protected] whose real name is Steen Hof and bidding alias on NameJet is MarkMon

Has anyone faced this before?

Beware of these scammers.

PS:
1. If anyone has any info about these guys, please feel free to add to the thread.
2. If the guys who have been named in this thread need proof of my allegations, I'm happy to provide.

I've personally reported this to top level of NameJet and hope there is necessary action be taken. I'll update if I hear back anything.
 

BuyBrandWeb.com

Praveen Chidaboyina
Impact
4,018
This is not surprising. Frontrunning is not only a shady practice, the legality is also questionable when the party materially misrepresents their offer. These parties usually represent that they actually own the domain, which is clearly not the case.

I have had deals fall apart because of this in the past. It doesn't really surprise me this is tied to the bidder "markmon". They often bid what I would consider unreasonable prices on many obscure domains with few bidders, probably because they have some kind of commitment from the a potential buyer.

This sh*t ruins it for everyone. If I catch this I will report it to NJ.

Brad
I have reported to Namejet and provide the Namepros thread for reference.
I hope @NameJetGM should ban markmon / level2 completely and also block their IP's!
 
Impact
11,256
Heavy bidders at godaddy, must have API connection, as have been in the 5 min, +5 dollar etc... bids with them that last hours.

At the end of the day, the platforms want these kind of bidders, as they cause bidding wars, and conflict, exactly what is needed to achieve higher bidding prices. Given in real auction platforms this type of activity would never pass, but we are still in the stone ages when it comes to auction rules, and bidding practices.
 
Impact
930
If the buyer did not buy at $400, then why would he buy at $XXXX? Seems to me these frontrunners didn't ruin much for you.

I'm not supporting frontrunning, but I don't think it was these front runners who ruined your sale. Seems to me this buyer just isn't interested or is only interested in a deal under $100 or so.
 
If the buyer did not buy at $400, then why would he buy at $XXXX? Seems to me these frontrunners didn't ruin much for you.

I'm not supporting frontrunning, but I don't think it was these front runners who ruined your sale. Seems to me this buyer just isn't interested or is only interested in a deal under $100 or so.

I have had situations where I ended up winning a domain, then another party who was emailed ahead of time expected me to accept a far lower offer than I would normally take, because the other party was offering domains for sale that they did not own. Not only that, they are clearly representing them as domains they actually own.

Brad
 
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Impact
11,256
Obviously NameJet has done nothing, and will do nothing. This person still continues to sell domains they don’t even own, more so even offering payment plans on names they don’t own.

This person basically destroys the whole aftermarket eco system by front running low offers, then side swiping deals, causing friction, and break downs with actual end users in negotiations with rightful owners.
 
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biix
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