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SnapNames User Name “Halvarez” Was Nelson Brady, VP of Engineering Bidding on Domain Names

According to a statement from Oversee.net’s SnapNames, an employee was found to have bid in 5% of their auctions since 2005 and in some cases arranged for a partial refund of the sales price after winning an auction. DNN also confirmed the bidder as Nelson Brady, the VP of Engineering. He was bidding under the username “halvarez”.

In a statement issued today, the company offers compensation to any potentially affected customer:

To avoid any question about whether the company benefited from this conduct, SnapNames will offer a rebate to impacted customers, including 5.22% interest (the highest applicable federal rate during the affected time period), of the difference between the prices they paid in winning auctions, and the prices they would have paid had the employee not bid in the auctions. Impacted customers will be notified by SnapNames or its representative with instructions for the offer of a rebate.

SnapNames also has taken further action to ensure its policies regarding auctions are followed, and the company remains committed to taking whatever action is necessary to protect the integrity of its auction platform.

SnapNames deeply regrets this situation and is committed to addressing its customers’ needs quickly and fairly.

Customers with questions may contact SnapNames at support@snapnames.com or via phone at +1 (866) 690-6279 (toll-free in the U.S.) and +1 (503) 241-8547 (outside the U.S.). The company has also posted a FAQ on their website.

The employee has been dismissed from the company and SnapNames is further investigating the incident.

For years, the domain community has questioned specific bidding practices by at least one frequent bidder with the user name “halvarez” . Forum posts have questioned and speculated on this bidder’s unusual activity for many years and SnapNames officials confirmed today that this user name is indeed the internal employee.  We now also know that the employee was the VP of Engineering, Nelson Brady, as confirmed by a spokesperson of the company. . . .

AMAZING !

author : Frank Michlick
Source DomainNameNews.com

French Domain Name Mutuelle.fr Sells for $115,000

.Fr domain takes top honors on domain sales list.

The French country code domain name mutuelle.fr, which means “mutual” as in mutual insurance company, has sold for 78,001 EUR at Sedo. That’s about $115,000 USD at today’s exchange rates.

The mutuelle.fr sale was the biggest by far for the week at Sedo, perhaps because some of the biggest buyers were hanging out in Key West.

Here are some other notable sales completed at Sedo over the past week:

.com
activecare.com 13,000 USD
localtube.com 11,000 USD
mypsoriasis.com 11,000 USD
isban.com 10,500 EUR
blossomlearning.com 10,000 USD
game-shop.com 10,000 GBP
candyapple.com 8,000 USD
familysafety.com 7,800 USD
adfactory.com 7,000 USD
parkstreet.com 6,500 USD
ilsportal.com 6,000 USD
gamblingcard.com 5,500 USD
klaas.com 5,500 EUR
crazyringtones.com 5,100 USD
bradfordnews.com 5,000 USD
effectix.com 5,000 USD
intreo.com 5,000 USD
findairfare.com 4,600 USD
bikebay.com 4,250 EUR
namebook.com 4,000 USD
datacite.com 4,000 USD
entradasbaratas.com 4,000 EUR Cheap tickets in Spanish

ccTLDs
giveaways.co.uk 6,250 GBP
sen.se 6,000 EUR
promi.de 5,500 EUR Star politician in German
rossmann-apotheke.de 5,200 USD Rossman pharmacy in German
rentabiliser.fr 5,200 EUR Make profits in French
geruest.ch 5,000 EUR
rc-modellbau.de 5,000 EUR
odels.de 5,000 EUR
teleausknfte.de 4,999 EUR
wet.co.uk 4,999 GBP
zwingerhusten.de 4,760 EUR Kennel cough in German
bristol.tv 4,500 USD
implizit.de 4,400 EUR Implicit in German
wedding.eu 4,100 EUR
realestate.hu 4,000 EUR

Other
infection.org 8,000 USD
disorder.org 7,000 USD
tanadu.org 6,000 EUR
verzekering.net 5,000 EUR Insurance in Dutch
clinics.org 5,000 USD

source DomainNameWire.com

Gangsters.com Auction Closing Soon

“As far back as I can remember,” Henry Hill said in the opening of the hit movie Goodfellas, “I always wanted to be a gangster.” And with only three days left in the Gangsters.com auction, you have the opportunity to win this domain name that has already received 18 bids and 1477 page views on eBay.

Gangsters.com is a premium domain name with a wide range of development options. It could be used for a music label, a TV series, a book series, an eCommerce site for mafia and gangster related products, or even as a hub for a massively multiplayer online role-playing game (MMORPG) similar to Mafia Wars or World of Warcraft.

“People just really like the crime genre,” said Mark Pincus, the CEO of Zynga which publishes Mafia Wars, in a CNET article titled How the Mafia Conquered Social Networks. “I think that people like fantasies that are closer to reality.”

author : Chad Kettner
source DomainNameNews.com

Live Current Sells Call.com Domain Name for $1.1 Million

Live Current sells Call.com domain name for seven figures.

Live Current Media has sold the domain name Call.com for $1.1 million through domain brokerage Sedo.

The domain has a storied history. Live Current, when it was known as Communicate.com, sold the domain name as part of a package including Makeup.com, Automobile.com, and Exercise.com. Part of the sale included lifetime royalties on all earnings for these domains. Communicate.com reacquired Call.com in 2006 in exchange for eliminating the royalty provision. The company valued this future royalty stream at $250,000. In other words, it traded in $250,000 in future revenue in 2006 for a $1.1M sale in 2009.

Call.com was surely one of the two domains Live Current announced in a press release last week that it had sold for a total $1.6M. The other domain was likely Brazil.com for $500,000.

That press release also mentioned the company’s sale of Cricket.com for $1M cash plus $750,000 in other consideration.

Sedo brokered many other high profile domain name sales in the past week, including Editor.com for $225,000, Alternate.com for $90,000, and Games.eu for 67,500 EUR.

source DomainNameWire.com

Toys ‘R’ Us, Frank Schilling Among Bidders to Pay $1.35M or More for Toys.com

6 companies to bid in Friday’s Toys.com auction.

In a review of qualified bid documents, Domain Name Wire has discovered some familiar faces in Friday’s auction of Toys.com: Frank Schilling, National A-1 Advertising, and Toys ‘R’ Us to name a few. It’s clear that the press coverage of the original auction brought more bidders out of the woodwork.

Most of the bidders submitted an initial bid of $1.35M, as I predicted. But it’s clear the auction will go much higher than that. Bidders include:

1-800-Diapers
Toys ‘R’ Us via Eagle, LLC
National A-1
Schilling Aviation Corp (Frank Schilling)
Socha APA David William Socha
Faculty Lounge Partners

Faculty Lounge Partners won the initial auction and will be the “stalking horse” bidder in this auction.

It’s interesting to see Frank Schilling bid through a company other than Name Administration Corp. Perhaps its the size of this deal that requires a separate corporate entity.

Also, some bidders made massive deposits or escrow payments, despite only a 10% deposit required. National A-1 Advertising plunked down $1.5M, Socha deposited $0.5M.

source DomainNameWire.com