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Feds allege man laundered money through domain names

Man at the center of Sarah Lawrence College scandal allegedly used the domain aftermarket to launder criminal proceeds.

Picture of washing machines with the words "money laundering"

The U.S. Attorney’s Office, Southern District of New York, filed criminal charges against Lawrence Ray this week. Among his alleged crimes: laundering money through domain names.

New York Magazine’s The Cut did an expose on Ray in November that apparently led to the investigation and subsequent charges.

That article states that Ray had amassed a large portfolio of domain names:

Another time, unprompted, Larry pulled out his laptop and opened a spreadsheet he said listed the total estimated valuation of his 8,867 domain names on GoDaddy.com — it was more than $28 million.

The U.S. Attorney alleges that Ray’s domain name business was used to launder money he gained from psychologically manipulating several people and through a sex trafficking operation. According to the court filing:

“RAY’s victims and associates made payments totaling nearly a million dollars toward the upkeep of RAY’s domain business, including to pay for new internet domain names purchased by RAY and for the monthly fees associated with hosting RAY’s internet domains.”

The allegations suggest that he laundered the money by buying and selling domain names.

Anyone who believes they were one of Ray’s victims is encouraged to contact the FBI at 1-800-CALL FBI.

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  1. thelegendaryjp says

    I did a quick reverse search, I don’t see $28M…. in fact I don’t see $2 million… Mind you he could of had the better names under different names/private. Anyone have a list, $28M portfolio is no joke so Ill call unlikely on that unless proven otherwise.

    • James says

      Yea right…guy ruins entire lives by investing in his nTLD…the great frank shilling expert domainer. TOTAL LIAR AND FAKE.

      I tried explaining how FBI is cracking down. No one wants to publish, cuz they know their buddies are dirty.

      GD hates frank. frank is getting out for a reason.

      This blog is fake, doesn’t like the truth out. Just a cover for the corrupt and propaganda. The hammer will fall. We see what’s happening. These sickos don’t want their buds exposed.

      Their users will stay blind to the truth while they hold it back and publish drivel.

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