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[Resolved] Domainer Loses $26k On A Stolen Domain!

Labeled as discuss in General Domain Discussion, started by Silentptnr, Mar 5, 2018

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  1. Silentptnr

    Silentptnr Domains88.com VIP

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    Darn! Another scam and this time it is an experienced domainer James Booth.

    James must have thought he was making a sound acquisition as he transferred approximately 26k to escrow for CQD.com. Instead, after completing the escrow, the domain was taken from his account by the registrar without notification and returned to the "true" owner.

    Turns out the person that sold him the domain CQD.com, may not have been the true owner.

    Apparently this incident involves several parties including the registrar and the escrow.


    Thanks to Theo over at DomainGang for the tip on this.
     
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  2. hookbox

    hookbox Top Contributor VIP ★★★★★★★★★★

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    If Afternic listed, sold, accepted the payment and transferred the payment for a stolen domain through their system then they should be responsible.
     
  3. equity78

    equity78 Top Member TheDomains Staff TLDInvestors.com PRO VIP ★★★★★★★★★★

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    He did it outside of Afternic it looks like, @Joe Styler quoted:

    We looked at it pretty closely and we don’t see any reason to believe cqd.com is stolen. […] We don’t have any record of 26k coming in on this domain so maybe it was somewhere else and maybe someone else is pretending to sell the domain they don’t own but this listing looks to be from the real owner and the floor offer is 150k so I don’t think anyone would be able to try and send in 26k on the name. There is also a lot of other evidence that seems to a few people here who looked at it including myself that the domain is listed by the rightful owner correctly.”
     
  4. teper

    teper Established Member ★★★★★★★★★★

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  5. Silentptnr

    Silentptnr Domains88.com VIP

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    That's a lot of money to just send.
     
  6. creataweb

    creataweb Some Guy with Awesome Senior High School Photo VIP ★★★★★★★★★★

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    So he never got his money back?
     
  7. hookbox

    hookbox Top Contributor VIP ★★★★★★★★★★

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    If I remember correctly this isn't the first time this has happened to Booth.
     
  8. Silentptnr

    Silentptnr Domains88.com VIP

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    I don't think so.
     
  9. Dan Beck

    Dan Beck Established Member

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    Man this is scary stuff. I'm reading up on as much of this stuff as possible!!
     
  10. Embrand

    Embrand Top Contributor VIP ICA Member ★★★★★★★★★★

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    I would love to hear the details. Who did Booth send the funds to? And how could it occur outside of Afternic?
     
  11. Josh R

    Josh R Josh.co PRO VIP ICA Member

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    Probably trying to cut out the middle man. Basically gets a 20% discount if he deals directly with the owner.
     
  12. Embrand

    Embrand Top Contributor VIP ICA Member ★★★★★★★★★★

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    Yes, but if he used Whois to contact the owner and Afternic says it does not appear the domain is stolen, then it seems strange...
     
  13. stewmath

    stewmath Top Contributor VIP ★★★★★★★★★★

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    You would think an experienced domainer would know to use escrow
     
  14. Silentptnr

    Silentptnr Domains88.com VIP

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    Yes, I don't know why anyone would ever send money on a phone call and a promise. Makes no sense. Is it greed?

    @uglydork Can you believe this?
     
  15. Silentptnr

    Silentptnr Domains88.com VIP

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  16. Lox

    Lox _____ VIP

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    So, it's all about attention?
     
  17. BoothDomains

    BoothDomains Contact us for Domain Brokerage and Acquisitions PRO VIP ICA Member

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    Hi All, Just to let you know what happened. I emailed the Whois email (the same one that is listed now) and agreed a deal. I did my due diligence and also emailed the email on the website ([email protected]) and they both confirmed all my questions. I set up the Escrow transaction and Escrow confirmed the seller was KYC verified. So after speaking to both emails and Escrow confirming the seller was verified I believed the domain to be safe.

    I made payment for $26k and had the domain in my Network Solutions account for around 4 weeks. One day I logged in to find the domain had just vanished. I called Netsol / Web.com and they said ''Oh we have returned the domain to the seller'' Obviously I was not happy. They did not email me, call me or mention in any way anything about it. They simply just took the domain with NO questions and handed it back to the seller.

    I am currently proceeding with legal action.
     
  18. uglydork

    uglydork Top Contributor VIP ★★★★★★★★★★

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    Just plain dumb - lol
     
  19. Lox

    Lox _____ VIP

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  20. BoothDomains

    BoothDomains Contact us for Domain Brokerage and Acquisitions PRO VIP ICA Member

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    That's not how I operate. The domain has recently been added to Afternic. This happened to me several weeks ago. Theo from DomainGang messaged me today to let me know it is for sale on Afternic.
     
  21. Embrand

    Embrand Top Contributor VIP ICA Member ★★★★★★★★★★

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    Network Solutions once again...

    Sorry to hear about this. Hope you can get your funds back through legal action.
     
  22. Silentptnr

    Silentptnr Domains88.com VIP

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    So you really did lose 26k?
     
  23. alcy

    alcy Top Contributor VIP

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    netsol huh...

    any particular reason you picked netsel after all the horror stories all around?

    and do you ever wonder if you'd be facing same situation had it been transfered to say.. godaddy?

    I ask becuse 99% of problematic cases seem to involve netsol. it just keeps coming back.
     
  24. BoothDomains

    BoothDomains Contact us for Domain Brokerage and Acquisitions PRO VIP ICA Member

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    I did. The whole thing is really fishy. I called, emailed and did all the checks. It seems she told Web.com one of her employees sold the name without her authorization which is a lie.

    I have all the emails from her.
     
  25. BoothDomains

    BoothDomains Contact us for Domain Brokerage and Acquisitions PRO VIP ICA Member

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    I didn't pick Netsol. The name was already there. I just did a push to my account and was about to transfer to my GoDaddy account, and yes I lost all the money.
     

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