the dotasia-complot
the dotasia-complot
fortune made by Lucky Rich
the amazing story about .asia auctions and a lot of top domains caught by bidding parties, which are owned by "Lucky Rich" Richard Schreier, the CEO of dotasia-auctioneer pool.com.
June 2007: DotAsia
announced Sunrise of .asia Domains.
July 2007: DotAsia
announced the agreement with
Pool.com, a Canadian company, to be the Auction Partner for auctions arising from the .Asia Sunrise and Landrush processes.
October 2007: Sunrise Period -
Name Registration starts for Trademark Holders. If there is more than one Trademark Holder, there will be an auction between the applicants.
January 2008: Auctions for these Sunrise Applications
get started
February / March 2008: We found out the relationship between auctioneer pool.com and bidding party
Drake Ventures Ltd.: Drake is owned by
Drake Domains Corporation (Barbados) and the owner of drakedomainscorp.com is Richard Schreiber, CEO of auctioneer pool.com.
April 2008: We informed dotasia (
PDF document 2MB). We received several non-committal mails from Edmon Chung, CEO of dotasia. The most remarkable sentence from Mr. Chung: "Being a party related to a bidding party, in my understanding, does not automatically create any issue."
May 2008: We informed dotasia, that
Throne Ventures Pty Ltd. is also involved in this complot. Throne is owned by Drake and both have won several auctions with a
lot of topdomains until today .
What we see:
- Bidding parties owned by the CEO of the auctioneer seems to be no problem for dotasia.
- Grabbing a lot of top-domains by the CEO of the auctioneer seems to be no problem for dotasia.
- The probable cause that the auctioneer and its CEO knows and exploits the maximum bids of all competitors seems to be no problem for dotasia.