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If you got caught.

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If you, or anyone you know got caught by Sedo auctions and IDN domains that look like real words or numbers and you/ they have realised what you have actually bought is recently regged "fakes".

If you / they are being pressured by Sedo to pay then please contact me.

It is highly likely that there was no indication that the name was a "fake" IDN particularly if you/they went via Sedo's home page auction section to place their bid.
 
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The views expressed on this page by users and staff are their own, not those of NamePros.
I smell a class action lawsuit coming soon to Sedo LLC. :)
 
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Anyone getting scammed in that way should NEVER pay. Those names should not be allowed to be listed. It is fraudulent misrepresentation. Also, in real world business, mistakes of this type are grounds for voiding the transaction. Finally, even if Sedo or the seller could claim breach of contract, the buyer would still only be liable for damages, and since the names are worthless, there are no damages. People who list those names are scammers. Most who dabble in IDN names are losers, as well. I remember reading their idiotic arguments about their loser names years ago.
 
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Anyone getting scammed in that way should NEVER pay. Those names should not be allowed to be listed. It is fraudulent misrepresentation. Also, in real world business, mistakes of this type are grounds for voiding the transaction. Finally, even if Sedo or the seller could claim breach of contract, the buyer would still only be liable for damages, and since the names are worthless, there are no damages. People who list those names are scammers. Most who dabble in IDN names are losers, as well. I remember reading their idiotic arguments about their loser names years ago.

The two thirds of your post I am in agreement with.

However, having made sales of genuine IDN in excess of $30K I don't think that qualifies as losing? That said, now it is an incredibly tough market, but that is fairly general?
 
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There are very many of these names on Sedo featured domains so you will be seeing more of this until Sedo go honest! But they make money out of featured domains so that is a stretch!

Most of them are owned by the same guy who continues to try to justify them here on NP's.
 
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The thing about IDN's is that the whole enterprise lends itself to dishonesty and shady dealing. There is enough of that in regular domains, but IDN's take it to a whole other level. People don't seem to understand that for the most part a name only has value if you can imagine commerce taking place on that site. Lots of these IDN'ers don't even understand the cultures of the names they are peddling, and there is hardly agreement as to what most of the names actually mean.

People can make money in online poker, too, but the nature of the beast means that there is far more dishonesty in online poker than in almost any other online activity where big money changes hands. There may be a few honest IDN people, but for the most part, they are a shady bunch, who are more like penny stock pumpers. I used to love how those fools would do their translations of words and then have huge arguments among each other about whether the name really meant what someone said it did. And they don't understand the power of regular dotcom names, and why most every serious business with a worldwide presence has their name in dotcom. And they would say that there IDN's were actually dotcoms and got good traffic, totally missing the point that traffic is only good if the people doing the viewing have a pot to piss in and can conduct transactions.

Go to most forums and you will some IDN subforums that haven't had a post in years. There is a reason for that. Anyone who can legitimately make an honest dollar by selling an IDN to someone so that the buyer actually improves the bottom line of their business by more than the sales price should be applauded, but the percentage of buyers who are worse off for buying an IDN has to be 95 percent or higher. The sellers are the big winners, and that is dishonest business. The great businesses have the consumer, or buyer, as the winner. Businesses like APPLE. Notice that casinos go bankrupt all of the time. The customer is the big loser in that transaction. A solid transaction is one in which the seller can turn a profit, and the buyer is better off for having engaged in the transaction. That happens a very small percentage of the time in the IDN world.

Even with regalar dotcom sales, the focus is always on getting over on the buyer. Names that make the headlines are always the outrageous ones. You don't see many people making noise about selling a good name at a solid price, and mentioning how much of a good deal this was to the buyer. The whole mindset is that of a bad business person, and that is why domainers don't get the respect that they believe they deserve. Much like poker players.

99 percent of all domain names listed are listed for prices that the seller would never entertain buying for a fraction of that price.
 
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There are very many of these names on Sedo featured domains so you will be seeing more of this until Sedo go honest! But they make money out of featured domains so that is a stretch!

Most of them are owned by the same guy who continues to try to justify them here on NP's.

Same guy has two UDRPs in the last 3 months too... says a lot about his ethics, imho
 
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The majority of IDN'ers are honest and open as are most domainers. Some, and a small representation, from all spectrums of domaining are simply dishonest.

Anyway, back on topic. Here a couple more screenshots that anyone who get caught can reference, it does not matter if it was a name you got caught with, simply a precedent.
 
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I contacted Sedo and informed them about the Discussion here on namepros.
 
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I contacted Sedo and informed them about the Discussion here on namepros.


And I have contacted them many times.They know, they simply told me there is a market for this type of domain. And they are making money from "featured' crap and "fake" sales.

Of course there is a market,, people do not know what they are buying.
 
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Obvious that all previous crap "fake" IDN "sales" went through the same non disclosure so any body in the past who got caught should be recompensed.

I will do a search and see what we can find. I recall a "fake" sms for a start and then there is the Russian @ Ukrainian "sales".
 
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For the record around 25% of the names on Sedo's featured domains are crappy "fake" IDN that look like real words etc.

Sedo - are you ashamed or is it because there is a market for this rubbish? :lookaround:
 
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