RATON, Fla.--(BUSINESS WIRE)--May 11, 2001--A South Florida businessman has filed
a lawsuit in the U.S. District Court in New York against Register.com, Afternic.com
and Network Solutions Inc., for alleged fraud, misrepresentation and dealing in stolen
In the suit, Rick Schwartz, known on the Internet as the
Domain King, claims he purchased the domain PROPERTIES.COM at auction on Afternic.com
on February 27th. Utilizing the escrow facilities offered by DNEscrow (an affiliate
of Afternic.com), he maintains he paid $61,188.00 for the domain.
He alleges in the suit that three weeks after the domain was transferred to Schwartz,
and without any notice to him, the domain was transferred back to its original owner
by Network Solutions. Although he tried contacting Network Solutions, Register.com
(the registrar of the domain and owner of Afternic.com) and DNEscrow, he was unable
to get a legitimate response from anyone, the suit states.
to Howard Neu, Esq. Pembroke Pines, Florida attorney for Schwartz, a RICO lawsuit
was filed Thirsday (Case no. 01-4302) against Register.com for allowing the domain
to be transferred out of Schwartz' name without any authority or notification; against
Afternic.com for allowing stolen domains to be auctioned off to innocent bidders
and receiving a commission on the sale; for falsely advertising that they are the
only "safe" way of purchasing domains on the web; and then refusing to return the
domain or the money when it is determined that the domain that was auctioned was
not owned by the lister.
Schwartz said: "One or more of the parties
is not being truthful, and the Federal Court system is the best way to get to the
bottom of the matter. There is no question that this is a valuable internet property.
The appraised value of "properties.com" is in excess of $1 million and some have
appraised it for as high as $3 million. That presents a number of reasons for someone
to have an agenda for "properties.com". If this domain was in fact stolen, then someone
should be held accountable. The authorities should prosecute the offender and send
a message that stealing internet property will land you in jail. If the domain is
not stolen, then it rightfully belongs to me, and I want it transferred back."
links and Research Tools
September 2000 South Florida Business Journal http://southflorida.bcentral.com/southflorida/stories/2000/09/25/story3.html
CONTACT: Virtual Dates Inc., Boca Raton
Rick Schwartz, 561/753-1014
Neu, Esq., 954/431-3990
INDUSTRY KEYWORD: LEGAL/LAW