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    .eu Landrush a "Fiasco" | Log in/Create an Account | Top | 8 comments | Search Discussion
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    ICANN Registrars Discover the Registry Shill Scam
    by Anonymous on Wednesday April 12 2006, @04:39PM (#16685)
    ICANN Registrars Discover the Registry Shill Scam

    People familiar with auctions may from time to time wonder, "what happens if the auction house plants people to bid up items ?". They are called shills.

    ICANN Registrars are starting to discover a population more sleezy and more ruthless than themselves. Yes, that is hard to imagine.

    Enter the new .EU Registry with Phantom Registrars who buy names, mark them up, and then re-sell them to suckers fronted by ICANN Registrars. It is 100% profit because if a name does not sell, it is turned back to the Registry which runs the Phantom Registrar ring.

    This phenom is not new, Network Solutions insiders used to pop up with key names when they heard a company was headed for the .COM and .NET zones.
    The insiders had an advantage because they could
    watch the whois and DNS queries and tie those to
    an ISP who was the Registrar. When the ISP would
    submit the application, the names would show up
    as registered with a date one day before the new
    request. The non-profit geeks at Network Solutions
    mostly did this to prevent for-profit companies
    from moving in on their non-profit NSF-funded
    scam. Things changed.
    [ Reply to This | Parent ]


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