SnapNames Archives

Class Action Suit Filed Against Oversee

October 17, 2013November 10, 2009 by nancy

A Miami lawyer has filed a class-action lawsuit against domain name auction site SnapNames.com, after the company announced that a former employee was bidding against potential customers in domain name auctions.

Attorney Santiago Cueto filed the lawsuit Monday in Miami-Dade County Circuit Court on behalf of his brother, Carlos Cueto, and others who participated in SnapNames.com’s online auctions. The lawsuit alleges that a former vice president at SnapNames.com secretly bid on tens of thousands of domain name auctions over the past four years, leading to falsely inflated prices.

SnapNames Employee was also bidding on many auctions!!!

October 17, 2013November 5, 2009 by David Warmuz

Just received an email from SnapNames that they discovered an Employee under a fake alias was BETWEEN 2005 and 2007 bidding on many of the SnapNames domain drops and using internal system to see the max bids and win good domains, and also the same time also bidding up the prices.

I don’t know about you but we have always had that nagging feeling that our max bids always seems to just stop at the very top and this would explain some of these. There are a few user accounts that were active in 2005 and 2007 that I recall that won some great name… Anyone care to guess which user handle it was?

In compensation, SnapNames are offering credits or cash refunds to all accounts affected by this which shows great customer service. The full email is below.