Fracois Cardildo, owner of eCop, has posted on his blog the excerpt near the bottom
He states he sold a few domains for $100,000+ each back in the boom years when his asking price was minimum $100,000
Fast forward to today, he is now "facing the worst financial period of my life, I cannot even make a living, in fact I never really made a living domaining since 2006"
If I were thinking of using the service, I would be extra alert (caveat emptor)
You might just find your escrow funds that you thought were safe...being used by Francois for a quick bet for Forex or Stock trading, based on nothing more than a "hot tip, a sure thing". LOL
Easy when you see Apple shares quickly (or fall) & thinking you could have easily capitalized on the price movement, for quick, easy profit. "If only..."
Oh - did I mention that eCop.com - UNLIKE PROPER escrow companies, is:
- NOT licensed in any jurisdiction
- NOT bonded (performance bond must be pledged
with an official body in case of defaults)
- NOT audited (their accounts are not audited by a reputable audit firm)
Francois, you can run but you can't hide
The jig is almost up!!!
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http://www.domainware.com/2012/07/motionless-nothing-happens/
"I will say the suprimes crisis of 2006 definitively changed this industry, names lost +10 times in value and demand for domains over $10K is now dismal if we compare.
I remember that before this event nobody could ask me for a name under $100K (yes one hundred
thousand dollars). It was simply my bottom selling price and I assure you that even at this price I was not happy to sell as I sold so many crap names over this minimum… Today these names will not sell for few thousands dollars at best.
I am now facing the worst financial period of my life, I cannot even make a living, in fact I never really made a living domaining since 2006, I mainly lived from the money earned previously. I started domaining in 2004/2005 but today even some domainers you think they are top domainers are in a very bad shape in fact…"
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