Lawsuit filed over bidding scandal.
The first class auction against SnapNames over the bidding scandal has been filed.
The lawsuit was brought by the Cueto Law Group law firm, and filed in Miami-Dade County Circuit Court in Florida. The lead plaintiff is Carlos A. Cueto, while the law firm is led by Santiago A. Cueto. I’m checking on the connection between the two people. [Update: Carlos is Santiago’s brother.]
According to a press release from the company (link removed because no longer active):
The domain name industry is the wild west of intellectual property because it remains unregulated. The online community has been up in arms over what they feel has been an opaque system that just begs for transparency. It is impossible to know whether you are bidding against someone that isn’t working or affiliated with the company conducting the auction,” said attorney Santiago A. Cueto.
“Domain names are the last frontier for the average person to stake their claim on some very valuable property. The Defendants’ conduct has made it harder for people to do so and we intend to put a stop to this practice, which we perceive as being a major concern in the industry,” added attorney Santiago A. Cueto.
You can expect more lawsuits, if the money is there for the lawyers.
Rob Sequin says
How many crimes did Brady commit?
Did he fake his bank account or paypal info to receive payments from iReit?
Did he fake his W-9 tax form with parking companies?
What did iReit know and when did they know it? If they knew nothing then why?
Same with Craig Snyder, general manager of Snapnames who came from iReit.
I am publicly calling for a statement from iReit and Craig Snyder regarding their involvement with Nelson Brady or their lack of knowledge of dealing with Brady.
Either way, this is a VERY big issue now with the lawsuit being filed and possible criminal charges being filed.
iReit doesn’t owe us an explanation if they don’t want to but Craig Snyder is the general manager of Snap who worked at a company that bought domains from Brady.
If he wants to clear his name and the good name of Snapnames, he needs to release a statement and the sooner the better.
iREIT new they were buying from an Ovcersee employee who was selling snapped names.
@rob Troouble seem to follow Craig Snyder, coincidence or no? hmmmm
Rob Sequin says
I just sent this into support at Snapnames.
I see that you were the CEO of iReit for three years.
I would like to request that you make a public statement about your involvement or lack of knowledge regarding Nelson Brady’s sales to iReit.
You owe it to the industry to tell us what you knew and when you knew it. If you did not know that Nelson Brady was selling domains to iReit, why not?
I will believe what you release and am not out to get you. I like Snapnames and have been a customer for MANY years.
I feel you need to release a statement and the longer you do not release a statement the more I have to questions the integrity of Snapnames as a whole since you are the General Manager.
Will you be releasing a statement?
Mike, sorry to get off topic but I think Mr. Snyder needs to tell us what he knew and when or if he did not know that iReit was buying domains.
He was CEO of iReit for three years.
DaMain Man says
If this is bothering you so much, you should file a lawsuit instead of posting all of this stuff on blogs. I think they’ve said all they intend to say.
BTW, who is Mike? I think this is Andrew’s website.
Seems this has gotten you in a tizzy 🙂
Frank Michlick (Domain Name News) says
The link to the press release doesn’t work any more, Andrew. This one here does:
maybe the first but not the last my suit is being handled by:
Michael J. Aschenbrener | KamberEdelson LLC
350 N. LaSalle St., Suite 1300
Chicago, IL 60654
1.312.589.6379 (direct) | 1.312.589.6370 (firm) | 1.312.589.6378 (fax)
email@example.com | http://www.kamberedelson.com