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news Man sentenced to 5 years for IP address scheme

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IPv4 IP addresses are in high demand. Recent auctions at Hilco Streambank have fetched between $30-$40 per IP address.
All of that money has captured the attention of people trying to game the system. One of those people is headed to jail for five years.
Amir Golestan, CEO of Micfo LLC, used a network of fake companies to secure more than 735,000 IP addresses from American Registry for Internet Numbers (ARIN).
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