14 June 2003

Internet trust

The domain "sex.com" was stolen from it's original owner via a forged letter. [source]
Cohen defrauded Kremen out of the domain sex.com - which is worth $500,000 a month just in advertising space - by sending a blatantly forged letter to VeriSign asking that it be handed over to him. This VeriSign duly did without checking the letter or contacting Kremen.

It took Kremen nearly six years in the law courts to regain possession of the domain […] Cohen […] has always admitted forging the letter

Why is VeriSign not bankrupt? Who would do business with them after a stunningly simple minded stunt like this worked that then took 6 years and $30 million in legal fees to fix?
Posted by orbital at 10:01 AM | View 0 TrackBacks | Trackback URL