ICANN is to terminate Registerfly's license to sell domain names, cutting off its main revenue stream and leaving its customers victorious but nervous, after months of scandal which have rocked the company. The domain name industry overseer chose to exercise its so-called “nuclear option” of de-accrediting Registerfly, saying it was “frustrated and distressed by recent management confusion” that has left so many customers bitter and angry recently. The New Jersey-based registrar has been torn apart by a feud between chief executive Kevin Medina and vice president John Naruszewicz. The two men were business partners and had a 10-year romantic relationship that ended in October, according to court documents.

Naruszewicz temporarily seized control of the company with a preliminary court injunction in February, over claims that Medina was pilfering cash from the corporate kitty in order to fund an extravagant lifestyle involving expensive apartments and escorts. This was putting the company and its customers at risk, according to Naruszewicz. Complaints of customer domain names being lost or misappropriated and of money being taken for services not rendered were mounting, and continue to mount, at the customer activist site Registerflies.com.

View: Full Story

Source: ComputerWire  

Comments

Add New Search RSS

psYchotic (Publisher) 2007-03-24 11:55:00 I am very pissed. I hope this doesn't mean I'll have to pay a lot more to renew the registrations for my few domain names Reply | Quote

serges2 (Registered) 2007-03-24 14:51:08 Man that sucks, does it mean people should be looking for alternatives? I can see that something like this could really mess up some folk's businesses. Reply | Quote

Name:
Title:
UBBCode:	-color-aquablackbluefuchsiagraygreenlimemaroonnavyolivepurpleredsilvertealwhiteyellow -size-tinysmallmediumlargehuge

Powered by JoomlaCommentCopyright (C) 2006 Frantisek Hliva. All rights reserved.Homepage: http://cavo.co.nr/