At some point, we may be interested in filing a class action lawsuit. If we do, no one in the class would have to pay anything unless there was a recovery. Even then, our fees would have to be approved by a court.

We would love to hear from you. Thank you for taking the time to read this.

Austin Tighe

512.372.8100

austin@feazell-tighe.com

I am curious to see how big this really is. Hundreds of Thousands? Millions? Tens of Millions? If I added up all the amount that people are due based on their comments in the past 24 hours, it could be close to $100 million….but that is based on the hyperbole domainers are famous for. My guess is that it will be around $1.0-1.5 million. Still Huge!

Before Oversee bought SnapNames, this scam increased the income on the books for SnapNames substantially. Added to that, NSI was on board with Snap for the lateral transfers too, making Snap look attractive at 25M.

Now Oversee buys it… NSI jumps ship… but the shill bids are still going strong, making sure the revenue is still pouring in.

Oversee finds out, we don’t really know when… maybe sees this as an opportunity to get some of that 25M back due to fraud… they don’t get satisfaction though.

The only action that makes any sense at this point is to blow the lid off it, go public, and try to wear the white hat. That’s why RUST was called in, they are the uber class Damage Control team, look ‘em up.

I’d think that whatever the cost in refunds and consultant fees are for this mess, Oversee is going to collect that and more for the obvious long standing nature of this fraud.

Every domain forum has been calling BS on “halvarez” for years… and Snap’s response has always been a consistent “No, he is a real and very good client that buys lots of names” Kjel has stated that many times. Now we are told that halvarez would get refunds when he actually won names? WTF?

While everyone is running around burning Nelson dolls in effigy, there is no doubt in my mind that he could not possibly have orchestrated this whole scam alone….

Think about it.
Sorry… forgot to say great post – can’t wait to read your next one!

Before Oversee bought SnapNames, this scam increased the income on the books for SnapNames substantially. Added to that, NSI was on board with Snap for the lateral transfers too, making Snap look attractive at 25M.

Now Oversee buys it… NSI jumps ship… but the shill bids are still going strong, making sure the revenue is still pouring in.

Oversee finds out, we don’t really know when… maybe sees this as an opportunity to get some of that 25M back due to fraud… they don’t get satisfaction though.

The only action that makes any sense at this point is to blow the lid off it, go public, and try to wear the white hat. That’s why RUST was called in, they are the uber class Damage Control team, look ‘em up.

I’d think that whatever the cost in refunds and consultant fees are for this mess, Oversee is going to collect that and more for the obvious long standing nature of this fraud.

Every domain forum has been calling BS on “halvarez” for years… and Snap’s response has always been a consistent “No, he is a real and very good client that buys lots of names” Kjel has stated that many times. Now we are told that halvarez would get refunds when he actually won names? WTF?

While everyone is running around burning Nelson dolls in effigy, there is no doubt in my mind that he could not possibly have orchestrated this whole scam alone….

Think about it.

This coverup is really bad. They are handling it really poorly. Shame on Oversee.

This reminds me of your post http://www.thedomains.com/2008/06/29/godaddy-insider-bidding-makes-non-domain-blog-headlines/

While its not the same, certainly in a similar arena. I was surprised to just find InsiderBidding.com open after reading your post and just grabbed it. Worth a reg fee flyer IMO as “Insider Bidding” can be the new “Insider Trading” of a new financial ecosystem across many industries.