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The Income Store’s 3,300 websites and 1000s domains to be auctioned

Labeled as domains in Domain Industry News, started by Lox, Jun 4, 2021

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  1. Lox

    Lox _____ VIP Gold Account

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    websites are set to be auctioned Thursday in a bid to recover at least some of the more than $77 million that investors lost in an alleged Ponzi scheme.

    The court-ordered online auction includes 200 operating websites and thousands of dormant domain names, ranging from The Income Store’s former website to the never-developed DonaldTrumpCollectables.com.


    “The goal of this auction is to raise as much money as possible to pay back to all the shareholders that got the short end of the stick here,” said Monte Cahn, founder and president of RightOfTheDot, a Florida-based digital assets auction company. “I don’t think we can cover all the losses, but at least it pays back something instead of having complete losses for everybody.”

    More than 480 investors filed claims against The Income Store, a website development business that was shut down amid allegations of securities fraud in December 2019.

    The Income Store was launched in 2017 by Kenneth Courtright, 51, who operated the business out of his Minooka home. He is facing civil and criminal charges tied to allegations that investors were lured with annual returns of up to 20% if they paid a six-figure “upfront fee” used to build and operate websites.

    read more (Chicago tribute)
     
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  2. The Durfer

    The Durfer Top Contributor VIP Gold Account

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  3. Samer

    Samer Top Contributor VIP

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    Lol most of these long-tail trash 😏

    “incomestore” is the crown jewel

    “and she’s stained” lmaooo. At least .com...
    ;p stays positive
     
    Last edited: Jun 4, 2021
  4. redemo

    redemo Established Member

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    Last edited: Jun 5, 2021
  5. Recons.Com

    Recons.Com Top Contributor VIP

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    "Even The Income Store’s own former website at incomestore.com retains some value despite the fraud allegations against the business, Cahn said.

    “That’s part of the portfolio that goes with the whole asset,” Cahn said. “That’s actually a very good domain name too.”"

    ===

    And... incomestore.com hosting account shows as suspended.
     
  6. Coffeeman

    Coffeeman VIP Member VIP

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    It's hard to understand why anyone would register for this auction, and put up a $50K deposit, without seeing the list of domains first. Hard to believe this is a quality list of domains, given the circumstances.
     
  7. lambo.com

    lambo.com GAX.com VIP

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    Where is the value proposition?
     
    Last edited: Jun 9, 2021
  8. Lox

    Lox _____ VIP Gold Account

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    PDF Attached (Partial list) - Bidders will get the full list of assets from Rightofthedot.com (Auction house) Rotd.hibid.com

    istore.jpg
     

    Attached Files:

    Last edited: Jun 9, 2021
  9. Coffeeman

    Coffeeman VIP Member VIP

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    This list speaks for itself.
     
  10. Recons.Com

    Recons.Com Top Contributor VIP

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    thanks. Mostly pure trash not worth even hand registering. Some mix of closeout quality and could be few $xxx names that I missed. Overall, 3000 domains here would be worth in $20k-50k region.

    And since the past cash flow is irrelevant here (websites are down, the reputation is down), those don't add any additional value.

    With all the pr campaign and publicity of the auction, I believe they are hoping to dupe someone into paying the seven figures. Hopefully, no one with that much money is that dumb.
     

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