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11|04|2009 12:51 pm EDT

SnapNames User Name “Halvarez” Was Nelson Brady, VP of Engineering Bidding on Domain Names [Updated]

by Frank Michlick in Categories: News

SnapNames[Updated] According to a statement from Oversee.net’s SnapNames, an employee was found to have bid in 5% of their auctions since 2005 and in some cases arranged for a partial refund of the sales price after winning an auction. DNN also confirmed the bidder as Nelson Brady, the VP of Engineering. He was bidding under the username “halvarez”.

In a statement issued today, the company offers compensation to any potentially affected customer:

To avoid any question about whether the company benefited from this conduct, SnapNames will offer a rebate to impacted customers, including 5.22% interest (the highest applicable federal rate during the affected time period), of the difference between the prices they paid in winning auctions, and the prices they would have paid had the employee not bid in the auctions. Impacted customers will be notified by SnapNames or its representative with instructions for the offer of a rebate.

SnapNames also has taken further action to ensure its policies regarding auctions are followed, and the company remains committed to taking whatever action is necessary to protect the integrity of its auction platform.

SnapNames deeply regrets this situation and is committed to addressing its customers’ needs quickly and fairly.

Customers with questions may contact SnapNames at support@snapnames.com or via phone at +1 (866) 690-6279 (toll-free in the U.S.) and +1 (503) 241-8547 (outside the U.S.). The company has also posted a FAQ on their website.

The employee has been dismissed from the company and SnapNames is further investigating the incident.

For years, the domain community has questioned specific bidding practices by at least one frequent bidder with the user name “halvarez” . Forum posts have questioned and speculated on this bidder’s unusual activity for many years and SnapNames officials confirmed today that this user name is indeed the internal employee.  We now also know that the employee was the VP of Engineering, Nelson Brady, as confirmed by a spokesperson of the company. . . .

AMAZING !

Adam Strong also contributed to this post.

Tags: , , , , , ,

111 Comments

FT

November 4, 2009 @ 1:12 pm EDT

HOLY! This is HUGE! At least Snapnames has the balls to admit and try to make it right.

[…] back in 2006 "Some have speculated Halvarez is Snapnames, which I don't believe." Domain Name News has confirmed that username "Halvarez" was the associated […]

[…] a spokesman for Snapnames has told me the company will not reveal the name of the employee, but DNN is reporting that the user name involved is “HALVAREZ.” The company will not disclose any legal […]

Brian

November 4, 2009 @ 1:22 pm EDT

WOW. WOW. WOW. It Finally Comes Out.

uberVU - social comments

November 4, 2009 @ 1:24 pm EDT

Social comments and analytics for this post…

This post was mentioned on Twitter by fmichlick: Bidder “halvarez” was SnapNames employee – bidding in 5% of all auctions | Domain Name News http://ow.ly/zeS4

Mike Herz

November 4, 2009 @ 1:29 pm EDT

They just lost my business

Tony

November 4, 2009 @ 1:29 pm EDT

This jackass needs to be named.

He probably cost me $XX,XXX over the last few years.

Dotero

November 4, 2009 @ 1:34 pm EDT

They just lost my business too. This isn’t something new, it’s been speculated upon for years. They’re just trying to cover their behinds now that the heat is on. They’re just looking for a scapegoat.

Josh P

November 4, 2009 @ 1:35 pm EDT

Just to clarify: has SnapNames expressly confirmed that halvarez was that employee? Because it seems to me that his activity should account for much more than 1% of SN’s total revenue over those years.

Calvin

November 4, 2009 @ 1:36 pm EDT

I bid against this guy several times before.

JKM

November 4, 2009 @ 1:37 pm EDT

Seriously SnapNames,

This HALVAREZ guy was in almost EVERY auction we were involved in dating back to sometime in 2003/2004. Clearly they have subtracted a number of years in the totals (the new employee bidder probably issued the PR with a smile on their face while thinking of a new shill bidding user name).

Most times the “entity” was simply doing nothing, however on plenty of occasions they would also bid as well. Bid well into the $300-$500’s, when it was just us and them chasing a domain. This kinda sucks.

Credibility surely down the drain.

Best Regards,

JK
WebContents, Inc

wannadevelop.com

November 4, 2009 @ 1:38 pm EDT

i am 95% sure it was not halvarez !

best,

mike

[…] is "Halvarez" SnapNames User Name “Halvarez” Was Employee Bidding on Domain Names | Domain Name News Brad __________________ DataCube.com – Buy and Sell Premium […]

Snapnames Misconduct @ IDN Blog

November 4, 2009 @ 1:45 pm EDT

[…] misconduct includes that a Snapnames employee, first reported as “Halvarez” by DNN (see link)  bid on auctions against customers.  As many prominent IDN buyers have spent $xxx,xxx on […]

Frank Michlick

November 4, 2009 @ 1:46 pm EDT

@JoshP We have an email from Mason Cole confirming it was Halvarez: “I can confirm the user name as halvarez.”

Josh P

November 4, 2009 @ 1:53 pm EDT

@Frank – Thanks. In this case I am extremely disappointed in SN as halavarez has been involved in ten of thousands of auctions over the last 4 years — clearly via use of a software bot — yes SN never investigated this? And how could he possibility get away with drawing money from the company’s bank account to compensate him for his won domains? This is an horrid case of mismanagement and lack of oversight on part of SnapNames’ management. They should be absolutely ashamed of themselves.

lassy

November 4, 2009 @ 1:57 pm EDT

Halvarez = Nelson?

Brad

November 4, 2009 @ 1:58 pm EDT

There have been several threads about “Halvarez” over the years. SnapNames.com taking 4+ years to discover this is ridiculous.

Why was this not investigated at the time?

Brad

[…] DomainNameWire reports, DomainNameNews have confirmed the customer username in question is Halvarez, while Acro mentioned on DNForum even back in 2006 […]

Andrew

November 4, 2009 @ 1:59 pm EDT

Mike – I’m 100% sure you’re wrong on that :)

Tom

November 4, 2009 @ 2:00 pm EDT

There is definitely more than one account involved in this fraud.

I can count at least 3 accounts at snapnames that drove up prices on my auctions by tens of thousands of dollars in some cases.

halavarez, hidden, vaxcis

I believe this is all the work of Nelson Brady who used some very high pressure techniques to get people to pay on these rigged auctions.

Adam Strong

November 4, 2009 @ 2:01 pm EDT

@joshp @wannadevelop As frank stated yes we have confirmation that it was “halvarez” . If we didn’t have that we wouldn’t have written it. It was 5% of all auctions and they only won 1%.

It does seems odd that it took this long since this has been an ongoing issue raised by many snap users over the years. In fact I think I have an email from a snap employee I can dig up assuring me that the bidder was legit. Maybe that employee was the bidder.

[…] Name News has confirmed that the bidder at the center of the SnapNames employee bidding controversy used the handle […]

JKM

November 4, 2009 @ 2:03 pm EDT

Tom,

It’s clearly not Vaxis, that’s Kevin Ham and Company (NameView, HitFarm, etc). Just about the largest domainer on the planet.

It probably is Nelson, no wonder they likely sold out for Buku cash to Oversee.net. Now Oversee.net has to suffer…..

JKM

Frank Michlick

November 4, 2009 @ 2:03 pm EDT

@Tom: If you mean “vaxis”, this bidder is not identical with “halvarez”.

Tom

November 4, 2009 @ 2:08 pm EDT

Someone pull an intelius report on Nelson Brady. I’m paying this guy a home visit.

[…] Halvarez était un employé de snapnames Nouvelle incroyable mais qui explique beaucoup de choses. Le célèbre enchérisseur Halvarez, présent comme par magie dans la plupart des enchères sur Snapnames, était en fait un employé de la société. Il aurait participé à 5% des enchères sur la plateforme entre 2005 et 2007 et en aurait remporté 1% du total (soit 20% des enchères auxquelles il aurait participé ce qui me parait beaucoup). Je me rappelle d'un fil à ce propos sur DNF où certains pensaient qu'il s'agissait de snapnames, ce qui avait été démenti par la société. Sources : Domain Name Wire ? News ? SnapNames Employee Bid in Domain Auctions, Cleanup in Progress – The Domain Industry's News Source SnapNames User Name “Halvarez” Was Employee Bidding on Domain Names | Domain Name News […]

[…] suppose que vous avez vous aussi été nombreux à recevoir le mail de Snapnames. Concernant ceci : SnapNames User Name “Halvarez” Was Employee Bidding on Domain Names | Domain Name News Pour ma part, ce type ne m'a coûté que 51usd (la différence entre les 110$ que j'ai dû payer […]

Tom

November 4, 2009 @ 2:16 pm EDT

[Ed. Personal Information Removed]

[…] DNN confirmed that the bidder name was halvarez. __________________ Looking for good FRENCH names ! […]

[…] Domainnamenews.com confirma que efectivamente se trata del usuario Halvarez, estaremos atentos a nuevas noticias sobre el […]

Frank Michlick

November 4, 2009 @ 2:44 pm EDT

As confirmed by a company spokes person the employee was Nelson Brady, their VP of Engineering.

[…] nicht nachvollziehen wieso Snapnames so lange gebraucht hat um dahinterzukommen… Mehr dazu: SnapNames User Name “Halvarez” Was Nelson Brady, VP of Engineering Bidding on Domain Nam… Gruss, […]

Kim

November 4, 2009 @ 2:54 pm EDT

In my opinion, this is simply the tip of the iceberg. I think there is a TON of fraud in the domain name world. Whether it be WHOIS fraud, click fraud, PPC fraud, buyer/seller fraud, appraisal scams, and on and on. Its time this industry becomes transparent.

[…] The secret is out – it WAS an employee indeed: http://www.domainnamenews.com/news/s…ain-names/6479 […]

Ms Domainer

November 4, 2009 @ 3:30 pm EDT

“Vaxis” is Kevin Ham.

mwzd

November 4, 2009 @ 3:40 pm EDT

Totally unreal.

Fraud is rampant, but at this level its appalling.

This throws a major spanner in the works.

Fresh Avails

November 4, 2009 @ 3:41 pm EDT

Good old Halvarez. Damn. Looking through my recods to see if I have ever met him (Brady) in person.

FTS

November 4, 2009 @ 4:04 pm EDT

WOW .. just wow. I just can’t believe it was Nelson. Nicest guy at the co. Tried nearly every time to make things right. This is f*&^%ing shocking.

Tony C

November 4, 2009 @ 4:09 pm EDT

OMG…I couldn’t believe snapname’s email this a.m. admitting this fraud. Halverez has definately cost me thousands of dollars by being the sole bidder against me on domains. I couldn’t believe only one other person would want the domain I wanted which raised my suspicions. True auctions have several bidders all competing at the same time then you know it’s legit. Anytime you’re going back & forth with only 1 bidder you get suspicious and now I know why.

Also…what about the auctions halverez won? If I came in second then I want that domain that I rightly should have won. Snap hasn’t mentioned BOO about this issue. Where did those domains go? Sold? Transferred? Still owned by Nelson? I want my domains I should have rightfully won!!!!!
This sucks!!!!

This also calls into question the legitimacy of the Moniker/TRAFFIC live auctions. How do we know the “internet” bids are real??? Live auction with real people present is one thing but now we have to fear insiders shilling the price up for domains!

Once again…this totally sucks and I’m completely demoralized about the domain auction business!!!

This is going to have a terrible affect on the domain name business I’m sorry to say. If you can’t trust the people behind the process, what are you going to do?

Oskars

November 4, 2009 @ 4:09 pm EDT

Wow, I got their email and thought it’s some kind of scam at first, just how unbelievable it sounded. I luckily only have won one auction with halvarez participating and I didn’t lose any money, but I believe people who have overbid thousands because of him could be very angry…

Andy

November 4, 2009 @ 4:10 pm EDT

What are the odds there is similar stuff happening at NameJet? Very Very high in my opinion. I hope they are doing some auditing now over there at NJ.

Roger

November 4, 2009 @ 4:17 pm EDT

I recently won an auction at SnapNames. And it looked like “r250gm3″ was shill bidding. His bids come in right before the auction expire time and jacks up the bid to right below my max bid.

Frank Michlick

November 4, 2009 @ 4:18 pm EDT

@Roger: There are several legitimate bidders who bid up auctions in the last few seconds of the auction, many of them with the help of scripts.

[…] back in 2006 "Some have speculated Halvarez is Snapnames, which I don't believe." Domain Name News has confirmed that username "Halvarez" was the associated […]

[…] Name News has confirmed that the bidder at the center of the SnapNames employee bidding controversy used the handle […]

Roger

November 4, 2009 @ 4:20 pm EDT

@Frank Michlick Understood. But how do they get right up to my max bid perfectly?

Tony C

November 4, 2009 @ 4:26 pm EDT

I just won an auction today at NameJet where a last minute bidder jacked up my price by $700+ dollars. This was a very specific industry name but it had 15+ original bidders but only 1 bidder stepped up at the last few minutes thereby costing me hundreds!!!

I think NameJet also need to do an employee investigation. I too have had a sole bidder run up my bids to just under my MAX proxy bid which really pissed me the F#$###k off. How could someone know how much my proxy bid is? Unless you saw it from the inside!

NameJet…are you listening here????

Tom

November 4, 2009 @ 4:32 pm EDT

Roger – Same point as me. How do they know my max bid perfectly?

Yes, this has happened more than a few times.

I believe it was not one account. Snapnames is saying it is just one account to damage control.

It is definitely more than 1 account and they better fess up before the FTC gets involved.

TOM

biddingclosed

November 4, 2009 @ 4:32 pm EDT

This is going to be a very tough omelette to unscramble but I do give Snapnames some credit for the approach they are now taking.

Tom

November 4, 2009 @ 4:34 pm EDT

Who here believes the fraud was just 1 account?

Who here believes it is more than 1 account?

Raise your hands?

Frank Michlick

November 4, 2009 @ 4:36 pm EDT

@Tom @TonyC: This would be a proxy bid. They enter a bid that is higher than yours, but the automated proxy bids on their behalf until they are above your bid. You do not see the maximum bid they entered.

Robbie

November 4, 2009 @ 4:38 pm EDT

Lesson to all other companies.
Specially Sedo and it’s shill bidding “an accident waiting to happen”

Tom

November 4, 2009 @ 4:39 pm EDT

I will tell you why they outed Nelson Brady.

In every purchase contract, there is a section called Material Representations. If the material representations are fraudulent, then the acquisition can be canceled or a portion of the funds clawed back.

As we all know, the domain industry is in deep trouble with domain parking revenues down, sales down, it’s the same as everything else. Financial crisis.

Oversee is watching their own backs first. Don’t believe they did it out of love of customers. What motivated them to out Nelson is to first and foremost get their money back from those scumbags.

That is why they are only saying 1 account was affected. By showing 1 account was fraudulent they can claim MATERIAL MISREPRESENTATION and sue for damages.

Why not say the real number of fraudulent accounts? Because it doesn’t help their case any more. THey would just have to pay more money back to customers. Clearly not in their interest.

I’m sure if we all posted accounts we thought were fake, we could come up with 10-20 fraud accounts operated by Nelson and the other “shareholders”

Halvedo

November 4, 2009 @ 4:41 pm EDT

The best way to drive up prices on auctions without getting caught is how Sedo does it. Just name the bidders: bidder 1, bidder 2, bidder 3…. No way to find out what is going on there and how many “Halvarez´s” are working for Sedo.

100% sure that SN liked this bidder Halvarez and at least let him do his “work” until the domainers community began to find out what is going on.

Impossible that they didn´t notice this for years. There only chance to try to save the company was to go public, before someone else did.

Tom

November 4, 2009 @ 4:44 pm EDT

Update …

Snapnames has removed all bidding history before 2007.

This is really sneaky. I was going to check my auctions. I bet several hundred auctions of mine had halvarez.

Robbie

November 4, 2009 @ 4:46 pm EDT

They deserve wahtever they have coming…
They ignored dozens of compalints at several forums as far back as 2006

biddingclosed

November 4, 2009 @ 4:48 pm EDT

CAUTION: Note that IF you are going to take a monetary settlement for a claim related to a particular auction, you should have it reviewed by an attorney to make sure you are not waiving your rights to pursue your remedies with respect to other domains you may have lost to halvarez at auction, which halvarez or his cohorts may still have or control.

Harvey

November 4, 2009 @ 4:58 pm EDT

It’s a sad day knowing that a guy I highly respected cost people untold
sums of money and domains. There is no way to measure the damage it has done to many of us who overpayed or gave up on a domain.

Oversee did the right thing but the damage is done and many people are left
wondering how this could have happened.

Nelson needs to crawl under a rock somewhere

Tom

November 4, 2009 @ 5:01 pm EDT

You can call Nelson with your complaint.

[Ed. Personal Information Removed]

Tom

November 4, 2009 @ 5:03 pm EDT

Send the godfather after him.

Two bullets to the back of the head will do the trick.

Tony C

November 4, 2009 @ 5:08 pm EDT

AH shit! I just checked my auction history and it’s been erased from 2003 to Nov 2007. I looked at it earlier today and saw all my transactions now I have no record of the auctions I lost to halverez.

Snapnames really is handling this POORLY. It makes Snapname (& Oversee)look like their either (a) hiding evidence and/or (b) covering their asses from financial claims.

Listen up Snap/Oversee…this is no way to handle a public relations nightmare that you will be living with for some time. Be transparent and you might survive in this industry. Hide evidence and then see how many people will do business with you (Snap), Oversee, Moniker and anybody else associated with you.

Put back all of our account history now!

P.S. Everbody should go to snap now and print out their history before it’s all gone.

Tom

November 4, 2009 @ 5:11 pm EDT

Tony – You are right on the money.

This coverup is getting really bad. It is totally out of control. First, the mea culpa, then screw the customers.

I cannot see my account information anymore.

Tom

[…] through old forum posts and found additionally deceitful activity that was apparently done by Snapnames VP Nelson Brady (as reported by DNN), using the bidder alias […]

Joe

November 4, 2009 @ 5:14 pm EDT

Did anyone have a shill bid involving the name ‘poorman’?

I got done out of $20,000 on a Snapnames auction no thanks to poorman and my research shows a similar style of loss at the following auction
http://www.namepros.com/domain-name-discussion/182874-bayblogs-com-live-auction-at-snapnames.html

Tom

November 4, 2009 @ 5:17 pm EDT

50,000!

Cole said as many as 50,000 domain name auctions may have been affected by the employee’s unauthorized activity. Cole declined to say what legal steps, if any, Oversee planned to take a result of the incident.

http://voices.washingtonpost.com/securityfix/2009/11/snapnames_former_exec_bid_up_d.html

ILikeInfo

November 4, 2009 @ 5:31 pm EDT

Remedy is rediculous.

The moment Halverez entered and auction the auction became poisoned.

Then, any run ups towards the end due to Halverez should result in a refund of the bid of the PREVIOUS bidder.

Halverez frequently made very significant run ups. Good faith reimbursement are going to have to go a LOT further than what I’m reading here. The fact the Nelson was know to many in the forums, and personally helped many of us as well, makes this far worse than just a bidding issue.

This is yet another example of greed and back stabbing that I find very difficult to comprehend. And it seems to be getting more and more common in society in general.

– Charles Christopher

Drewbert

November 4, 2009 @ 6:00 pm EDT

>halavarez, hidden, vaxcis

I hope that wasn’t an accusation Tom?

If it was, you might want to retract it.

Domo

November 4, 2009 @ 6:03 pm EDT

I wouldn’t be surprised if Hanky “Panky” Alvarez himself
ordered the removal of the older History …

Jakob

November 4, 2009 @ 6:11 pm EDT

This is really surprising and not a little fishy. It seems more like a cover up as Nelson always seemed like someone of pretty strong moral fiber. Although I suppoose if they wanted to throw him under the bus for this because they were crabby about something else he could simply refute it.

Funny, I can see the snapnames building from my living room window.

[…] NPQueen has left the room. fish: GD has already had their fair share of scandals Don: peter… http://www.domainnamenews.com/news/snapnames-discovers-employee-bidding-domain-names/6479 Peter: Don: cheers, if true it shows snapnames are rotten to the core, someone so high in the […]

Annoyed

November 4, 2009 @ 6:32 pm EDT

Over the years, there have been more than a few complaints to SnapNames regarding “halvarez.” Now whether or not those complaints got intercepted by the culprit himself or simply got ignored by SnapNames without an investigation is another matter. If it turn out to be the latter, then negligence becomes an issue and a small “rebate” is not going to appease the masses and drooling class-action lawyers who you just know are gathering at the gates of SnapNames right now.

Slepi

November 4, 2009 @ 8:16 pm EDT

Can you imagine? The action has been conducted since March 2005!!
That’s surely quite a long period before SnapNames discovered it.

[…] Thanks to Elliot for posting this on his blog and keeping us all updated. And DNN, as well, for first reporting this. […]

Russ

November 4, 2009 @ 9:03 pm EDT

IMHO he was not acting alone. Look at who was monetizing the domains he won, and who else was in the auctions with him. Same person sold off a lot of those domains for him (he obviously couldn’t do it himself) to IREIT and Oversee portfolio holding companies in those years.

Also very convenient that snap only shows 2 years of order/bid history now.

tom

November 4, 2009 @ 10:43 pm EDT

fresh avails-
heres a link where you can see a picture of brady if your still trying to figure out if you ever met him.

http://www.dnjournal.com/cover/2007/march-page3.htm

Tracie

November 5, 2009 @ 1:25 am EDT

Nelson was a busy man in 2007. Took the time to file a patent application for non other than domain auction services and TASTING. On behalf of himself and SnapNames. Wonder what else they collaborated on.

Patent appl Filed on: 2007-06-19; Application Number: 11765061; published Dec 2007 Pub Number: 20070299967

It’s an interesting read. Describes the tasting practice to a tee, and discloses some current and perhaps future service offerings for SnapNames.

I’m still trying to find the patent application for drop auction shill bidding. I’m sure it’s there somewhere ;)

Mergen, WebGuru

November 5, 2009 @ 1:40 am EDT

I hope this guy is going to get much more than just being dismissed. White collar criminals, especially people like ones who made Firestone tire mess happen, should all be jailed with big time penalties.

EuropeanDomainCentre

November 5, 2009 @ 4:11 am EDT

Other types of Internet auctions have experienced this type of fraud, so why shouldn’t it exist in The domain Industry? The question is if halvarez worked on his own or Snapnames knew what was going on? It was always in their interest to raise prices. Seems very suspicious indeed

[…] ha confirmado hace escasas horas que detrás de Halvarez se encontraba Nelson Brady, vicepresidente de la […]

Keith Schilling

November 5, 2009 @ 7:02 am EDT

wow! its about time something like this comes to light. I’m sure its been going on in other companies for years and will continue to do so.

Dan

November 5, 2009 @ 8:01 am EDT

I’ve worked with Nelson for years. Nicest guy I’ve met in the business. Always went the extra mile to make things right.

I’m left wondering if Nelson is really the “fall guy” for something bigger than just him at Snapnames?

Robbie

November 5, 2009 @ 8:27 am EDT

There is a huge connection here that people are overlooking with other Auctions:
Namely Traffic/Moniker.
Where is Monte to all of this…?
Kjel?

Robbie

November 5, 2009 @ 9:34 am EDT

threads dissapearing at dnforum

biddingclosed

November 5, 2009 @ 10:00 am EDT

If justice works out in this case as it has on Wall Street the culprits will wind up keeping their monster houses and their kids. college funds will runneth over.

Robbie

November 5, 2009 @ 10:07 am EDT

More enligthing news:
His pay/bonuses were tied to sales/performance/ which in turn made the company look better.
If th Feds/Irs etc etc get involved is goign to get ugly , goign back to DS domain tasting and its obscure subsidiaries.

Tony C

November 5, 2009 @ 11:51 am EDT

Despite me asking Snap this question several times, I’m wondering what they plan on doing about bidders who came in 2nd place to halverez? Those bidders should have been the rightful winners of the auctions (at a lower price) and therefore are entitled to own those domains lost to halverez.

Where are those domains? Sold? Transferred? Still owned? Wherever they are, Snap should make an effort to retrieve them and award them to the second place bidders at a price that removes halverez’s bidding.

Anybody hear from Snap on this issue?

Jay

November 5, 2009 @ 12:11 pm EDT

quit whining about it and file a lawsuit now!! if you could spend thousands of dollars on domain names, why not consult an attorney to hit at snapnames for their wrongdoings!!

[…] Domain Name News and other various forums and blogs have speculated that the executive in question used the account name “halvarez” and is Nelson Brady, ex-VP of Engineering at SnapNames. […]

Altaf

November 5, 2009 @ 10:50 pm EDT

Subsequent year(s) my credit card in SN records was used for false bidding & resulting crapy domains, despite I never participated in the bid nor own the domains. Later I strogly protested with SN who refunded me though, I am not sure how & who did it. Or was that reimbursement correct amount as how to track the CC statement always. It is NS who should be responsible. I stopped trading with SN henceforth. Any one got similarly cheated folks?

shane

November 5, 2009 @ 11:17 pm EDT

Wish I could see my bidding history as I know for a fact that I was involved with many auctions with “Halvarez” by my side. But I guess I will have to take Snap’s word on which auctions they were since bidding history has been dwindling out of my account for years now. I always thought to screenshot those auctions, but I was to busy working my ars off to pay off the previous domain auction I won.

BUT This goes much deeper for me. I was thinking about collecting what I call small gems (worth at that time a couple of hundred) and picking them up for reg cost after it fell from snap. But I said to myself, every time I find one of these small gems that another bidder was involved in my auction,”“Halvarez.” So if Halvarez was also finding my gems, and I worked my arssssss on finding them using worktracker when OVT was the way to go, I said, well ohh well “Halvarez” is buying them up and I sure cant afford 60/70 per domain x 10 domains a day. So I guess my dream of owning thousands of generic gems at 8 bucks was just a dream. If I only knew then what I knownow, my portfolio could of been as big as …..

Krispy

November 5, 2009 @ 11:49 pm EDT

I can remember a certain forum where there was a thread dedicated to trying to work out how halvarez ‘beat’ the system… and a number of methods were put forward… unfortunately, most of the complaints went to Nelson Brady directly and he was always providing excuses etc… guess we now know why… sigh…
and regarding the question of the second top bidder being ‘owed’ the rights to the name?? forget it… I personally know halvarez sold a LOT of his domains on… it would be near impossible to get these back as they would have even changed hands four / five times..

Odd

November 6, 2009 @ 2:22 am EDT

A quick search for ‘halvarez ‘shows that many bidders knew something was fishy for years. They just found out? I dunno

biddingclosed

November 6, 2009 @ 8:57 am EDT

Does anyone know if the Internet Reit referred to in the article below on Oversee.Net is the same as iReit.com where halvarez is alleged to have fenced the domain names he misappropriated?

>>> http://oversee.net/news_details.php?id=409 <<<

Oversee.net® Appoints Craig Snyder General Manager Of Registrar And Aftermarket Divisions

Industry Veteran Will Lead SnapNames® and Moniker® Business Units; Snyder was EVP at Marchex, Led Internet REIT

LOS ANGELES – Oversee.net®, the leader in Internet real estate, said today domain name industry innovator Craig Snyder has been named General Manager of the company's Registrar and Aftermarket division. He is responsible for management and growth of the company's SnapNames and Moniker businesses. Snyder starts immediately and reports to Peter Celeste, Oversee's Senior Vice President for Domain Services.

Snyder comes to Oversee following a three-year tenure as CEO of Internet REIT, where he successfully rebuilt the company's senior management ranks and closed a $30 million round of equity financing. Prior to Internet REIT, he was Executive Vice President of Marchex, where he led its Enhance Interactive, goClick and TrafficLeader business units.

biddingclosed

November 6, 2009 @ 9:09 am EDT

Can we afford to take comfort in this statement by Oversee.Net as to their transparency? Their actions in re-posting the bidding history they just took down will speak volumes in this regard:

>>>>> http://oversee.net/culture.php <<<
Working at Oversee.net is unlike
working anywhere else. Here's why.

* Our organization is transparent. What you see is what you get. Everyone knows what's going on and has a sense of the big picture.
* We work hard and play hard, balancing an intense work environment with a friendly and comfortable atmosphere. We enjoy each other and know how to have fun together.

pitbullstew

November 6, 2009 @ 12:56 pm EDT

that explains everything, when I had trouble with my domain and called I was given short shrift and hung up on, then I lost the domain because I could not use the dashboard there, now its parked by some outfit in Korea who wants over 1,000% of what I originaly paid snapnames!
Scumbags all!

Krispy

November 6, 2009 @ 3:10 pm EDT

well of course ‘halvarez’ continued on unabated for so long… because every complaint would have just gone up the chain or directly to Nelson, who would have quietly swept it under the carpet, or else seen the potential hole and fixed it to make it more secure / hidden.. its the perfect situation… i.e. like chieft security person for bank looting money and when getting queries he is ‘on the case’ to fix it… lol.. i think the only reason he got caught here was prolly due to the scale of names… just too many to not have people being suspicious..

[…] update for the developing Snapnames […]

[…] the recently admitted “halvarez” scandal where an employee placed bids in Snapnames domain auctions against company policy, the company has […]

[…] update for the developing Snapnames […]

Umik

November 8, 2009 @ 8:08 pm EDT

Today i lost my trust… it’s all i can say but on the other hand i’m happy they found it.

Shane K

November 9, 2009 @ 2:50 pm EDT

Looks like my settlement is over $1,000. I’m going to send it back today.

[…] sospechas fueron confirmadas cuando se publicó que Nelson Brady, Vicepresidente de Ingeniería era quien usaba el nombre de usuario […]

[…] to Domain Name News, the SnapNames User Name “Halvarez” Was Nelson Brady, VP of Engineering. IF Snapnames […]

[…] 2009 12:15:00 PM PST and has not been able to attract too many bidders so far, most likely due to the bidding scandal uncovered earlier this month. Out of the 240 domains in the auction, only 12 have been able to attract bids so far. Even some of […]

[…] 2009 12:15:00 PM PST and has not been able to attract too many bidders so far, most likely due to the bidding scandal uncovered earlier this month. Out of the 240 domains in the auction, only 12 have been able to attract bids so far. Even some of […]

[…] 2009 12:15:00 PM PST and has not been able to attract too many bidders so far, most likely due to the bidding scandal uncovered earlier this month. Out of the 240 domains in the auction, only 12 have been able to attract bids so far. Even some of […]

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