25 Sep '12, 2pm

Washington Post Blast Donuts & Its Bid For 307 New gTLD’s: “Raises Fears of Fraud”

“If the allegations concerning Donuts turn out to be true, these 300 top-level domains could be the Wild West for fraud and abuse,” said David E. Weslow, a D.C.-based lawyer who represents several major corporations.” “Dismissing the concerns raised by industry groups, Donuts officials say they are well qualified to run the new domains responsibly.”“We and our very smart investors would not have spent almost $57 million if we had any concerns that we were not eligible,” said Jonathon Nevett, a Rockville-based lawyer who is one of four co-founders of Donuts. “Federal officials declined to comment on particular applicants, but they have repeatedly urged more rigorous background checks and a more gradual expansion of Internet domains. They worry that a solicitation for medical products from a Web site ending with “.health,” for example, might convey an air of authenticity no ...

Full article: http://www.thedomains.com/2012/09/25/washington-post-blas...

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