Over the past few years, I have been involved in purchasing high level generic domains. Some of those domains were bought through auctions at Snapnames. When I heard yesterday that a former employee was doing sham bidding, I was in shock. I always had high regards for the company, which I could not say for the other major drop player at the time. There had always been rumors about auction companies doing things like this, but I never thought twice. In a small industry like ours, trust plays a crucial role. I commend Oversee for dealing with the issue, however their reputation is tarnished.
One step that I’d like Snapnames to do is to post a public list showing every auction this person was involved in. This way we can compare our records to see if in fact they are truly trying to make good on all auctions. I for one like to know if I’m owed any money.