26 Oct '12, 1pm

Man claims he and friends were duped for $123,000 in new top level domain scheme

Man says he and friends invested $123,000 for new top level domain project that never got off the ground. A Florida man has filed a lawsuit alleging he was duped by a new top level domain name scheme. David Ways planned to apply for the .bim top level domain name. According to the lawsuit, Ways says he contacted VeriSign about his plans and they referred him to Iain Roache as a potential funding source. Roache is listed as the Chief Executive Officer of a number of companies that have applied for new TLDs through Famous Four Media. Famous Four Media is listed as the contact and “administrative services provider” on 60 new TLD applications. The company is named in the suit. Ways alleges that Roache represented himself and various affiliated companies as a group that could prepare and finance applications for new top level domain names. He alleges that Roache informed him he...

Full article: http://domainnamewire.com/2012/10/26/dot-bim-new-tld-laws...

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