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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.

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111 Comments

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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