SCAM!
THE SCAM:
Stealing domains
A generic domain name with no reasonable market value went through the roof due to bot (over $2.5k). After the bot won, the domain is immediately for sale for over
$4k on the same site
So the complete chain:
Domain expires at Network Solutions (Newfold Digital)
Routed to auction at NameJet/SnapNames (Newfold Digital)
"Won" by a bot over a genuine buyer
Immediately appears on BuyDomains (Newfold Digital) at $4,188
Registered through Annulet LLC (Newfold Digital)
Sitting at Newfold Digital's own Jacksonville address
The domain never left the building. This isn't a speculator who won an auction and relisted it. The domain went from one Newfold Digital subsidiary to another. Bot bid it up past the budget and the domain landed right back in the parent company's resale inventory at a 61% markup.
I'm no longer sure of the intent of NameJet or SnapNames but it's isn't "good". It's better labelled as "Evil" and "Scam".







