SnapNames Employee Bid in Companys own Domain Auctions
A Snapnames employee was caught bidding in the company’s own doain auctions leading to some big issues with how the company is handling its auctions. The clean up process is underway and many domains will soon see a rebate in auctions they were involved in that may have been bid up resulting in shill bidding.
Nelson Brady - Former VP of Engineering at Snapnaes
The Snapnames employee, Nelson Brady VP of Engineerings for Snapnames is accused of shill bidding dating back as far as 2005. He was operating under the name of Halvarez had already been been involved in bidding up SnapNames auctions for about two years. This behavior is against Snapnames policies and say that it i possible that his involvement in shill bidding continued for two more years before they finally discovered the fraud and made it public in a letter to their customers today. Here is a copy of the letter released to its customers.
Snapnames letter to its customers
Brady was fired on Monday October 26th. This will definitely leave a bad taste in domainers mouths when dealing in auctions for quite some time. Its possible Nelson is involved in bidding up as many as 50,000 domain name auctions over the past years. Snapnames is taking a proactive approach and reviewing any and all of the auctions that Nelson was involved in with his ficticious bidding and offering a rebate to customers involved in the auction with a 5.22% interest on top. If you were a domainer involved in any of these auctions affected be sure to expect contact from Snapnames. The rebate will be given in form of cash or credit to be used within their system.
Snapnames did make a wise and professional decision to release the news to the public and taking the approach to compensate their customers.
Here are some domains there were said to be owned by Halvarez:
hamvuiclub.com
cinemagazine.com
lifeclips.com
searchescorts.com
tvizle.com
googletrends.com
extrawallpapers.com
fashionindia.net
jeniferlopez.com
tinhlathe.com
only-maps.com
hannahmontanna.com
nanotorrent.com
mature-club.com
curlyhair.net
simsextremos.com
moslemlink.com
90523.com
itttech.com
alphadating.com
xxbox.com
I am sure there will be more to come as the cleanup process continues over at Snapnames.
