22 Jul '11, 5pm
It's Official - Domain Thief Daniel Goncalves Sentenced to 5 Years in Prison in Precedent Setting Case:
worked to track down Goncalves with the New Jersey Cyber Crimes unit . The successful prosecution sets a major precedent in that there are no laws currently in place to protect domain name theft. States like California consider an internet domain name similar to a piece of real estate. If it’s stolen the owner may have a remedy to get it returned but it’s a long and expensive process, However, most other states like New York or New Jersey consider the domain name a piece of “intellectual property ” similar to a copyright or trademark, and owners have no legal recourse to get back that stolen asset. Domain name owners hope that this case will instigate new legislation that will protect these valuable properties.