As I mentioned in my previous article about the SnapNames fraud, iREIT may have purchased a portfolio of domains from Nelson Brady in late 2006. An iREIT spokesperson declined to speculate on the accuracy of my claim, but whois records indicate that a number of domains were transferred from DomainQueue of Tacoma, WA to iREIT in late 2006.
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In an e-mail this morning, SnapNames CEO Jeff Kupietzky and general manager Craig Snyder notified SnapNames customers that an ex-employee was involved in up to 5% of auctions between 2005 and 2007. They have also announced a reimbursement program for some of the affected customers. Customers who won auctions where the ex-employee is believed to have bid up the price will receive a refund of the difference with interest. I spoke to a SnapNames employee this afternoon who confirmed that the fired employee was in fact Nelson Brady who used the handle ‘halvarez’ when bidding on SnapNames auctions. A photo of Nelson Brady is available on DNjournal here.
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