sex.com $11.4 million domain sale fails -- lawsuit

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  • GeorgeK
    Confirmed User
    • Dec 2003
    • 423

    #1

    sex.com $11.4 million domain sale fails -- lawsuit

    Just noticed this story via Google News:

    http://www.philly.com/mld/inquirer/n...a/12759624.htm

    (if it asks you to register, go to http://news.google.com/ and search for sex.com -- clicking the story should get you in without registering)
    According to the lawsuit, filed yesterday, Sex.com signed an $11.4 million deal last month with a Boston domain company to acquire the Internet address www.sex.com.

    As part of the deal, Sex.com alleged that it made a $500,000 deposit to Web site broker Domain Name Acquisition Group L.L.C., the defendant in the case.

    The civil complaint did not say why the deal fell apart but alleged that Domain Name engaged in "repeated untruths regarding the domain name Sex.Com, about other competing offers for the domain name Sex.Com, and various other material and relevant exaggerations and untruths."

    $11.4 million would seem a bit low....
    I buy good domain names. Send lists to George (at) LOFFS.com
  • pradaboy
    sell me your banners
    • Dec 2003
    • 12931

    #2
    Haha that sounds like sex.com allright
    Media Buyer - Sell me your traffic!
    FREE to register domains...
    Better than 99% of the crap sold here!

    Comment

    • ElvisManson
      Looking California
      • Feb 2001
      • 5476

      #3
      am I understanding this correctly?

      sex.com is the name of a company that was in the process of acquiring the domain sex.com?

      Comment

      • GeorgeK
        Confirmed User
        • Dec 2003
        • 423

        #4
        Yes, Elvis. It must have been a company (in Philadelphia) formed specifically for this transaction. The Boston company appears to have been brokering it. This would seem to explain why Gary Kremen's firm isn't a party to the lawsuit, according to the story.
        I buy good domain names. Send lists to George (at) LOFFS.com

        Comment

        • Phoenix
          BACON BACON BACON
          • Nov 2002
          • 35475

          #5
          Originally posted by ElvisManson
          am I understanding this correctly?

          sex.com is the name of a company that was in the process of acquiring the domain sex.com?


          i think it said sex.com paid money to the broker of the deal...the deal fell through and they want their money back from the broker.

          but i could be wrong...also i cant understand why the seller of a property would have to put money up thoguh for the sale....weird
          Telegram PhoenixBrad
          https://quantads.io

          Comment

          • pradaboy
            sell me your banners
            • Dec 2003
            • 12931

            #6
            Originally posted by Phoenix
            i think it said sex.com paid money to the broker of the deal...the deal fell through and they want their money back from the broker.

            but i could be wrong...also i cant understand why the seller of a property would have to put money up thoguh for the sale....weird
            I thought it said the broker did not get his $500K deposit and that's what the case is about.
            Media Buyer - Sell me your traffic!
            FREE to register domains...
            Better than 99% of the crap sold here!

            Comment

            • CheneyRumsfeld
              Confirmed User
              • Sep 2004
              • 1341

              #7
              I am going to form the companies
              Microsoft.com
              Google.com
              and a few others, who wants in on the deal?

              Comment

              • ElvisManson
                Looking California
                • Feb 2001
                • 5476

                #8
                Originally posted by GeorgeK
                Yes, Elvis. It must have been a company (in Philadelphia) formed specifically for this transaction. The Boston company appears to have been brokering it. This would seem to explain why Gary Kremen's firm isn't a party to the lawsuit, according to the story.

                Why in hell would you name your company "Sex.com" if you didn't own the domain sex.com. That is just incredibly stupid...lol It explains why they got taken for $500k. I guess they'd never heard of escrow.com either.

                Comment

                • Phoenix
                  BACON BACON BACON
                  • Nov 2002
                  • 35475

                  #9
                  Originally posted by pradaboy
                  I thought it said the broker did not get his $500K deposit and that's what the case is about.

                  i think i need more coffee
                  Telegram PhoenixBrad
                  https://quantads.io

                  Comment

                  • Babagirls
                    Text Writer
                    • Feb 2001
                    • 18812

                    #10
                    Originally posted by CheneyRumsfeld
                    I am going to form the companies
                    Microsoft.com
                    Google.com
                    and a few others, who wants in on the deal?
                    sure, count me in. although, i have no fuckin clue what you can do with a domain called "google"..heh, sounds like a disease or something. oh well, I'll take a chance & go in with ya anyways.




                    Need a Text Writer?
                    Blogs|Reviews|Descriptions|Paysites|TGP's|Stories

                    ICQ: 397892500

                    Comment

                    • viper12047
                      Registered User
                      • May 2005
                      • 22

                      #11

                      Comment

                      • GeorgeK
                        Confirmed User
                        • Dec 2003
                        • 423

                        #12
                        Originally posted by ElvisManson
                        Why in hell would you name your company "Sex.com" if you didn't own the domain sex.com. That is just incredibly stupid...lol It explains why they got taken for $500k. I guess they'd never heard of escrow.com either.

                        I guess the Philadelphia guys didn't count on the transaction failing, if they created the company just for this deal to buy the domain.
                        I buy good domain names. Send lists to George (at) LOFFS.com

                        Comment

                        • Drake
                          Hello world!
                          • Mar 2003
                          • 12508

                          #13
                          lol

                          12345

                          Comment

                          • Ace-wtf
                            Confirmed User
                            • Jun 2005
                            • 2983

                            #14
                            monkey business

                            Don't miss out on the new HYPE!!!
                            icq: 226370630

                            Comment

                            • MrIzzz
                              If u touch it, I will cum
                              • Sep 2003
                              • 22923

                              #15
                              wow what a scam


                              WHO WANTS TO PLAY GRAB-ASS?

                              Comment

                              • JFK
                                FUBAR the ORIGINATOR
                                • Jan 2002
                                • 67369

                                #16
                                Originally posted by Ace-imlive
                                monkey business
                                NO Shit .........
                                "repeated untruths regarding the domain name Sex.Com, about other competing offers for the domain name Sex.Com, and various other material and relevant exaggerations and untruths."

                                FUBAR Webmasters - The FUBAR Times - FUBAR Webmasters Mobile - FUBARTV.XXX
                                For promo opps contact jfk at fubarwebmasters dot com

                                Comment

                                • Mr. Hollywood
                                  So Fucking Banned
                                  • Aug 2005
                                  • 47

                                  #17
                                  $11.4 million for the best domain in the business. WTF

                                  Comment

                                  • linuxguy
                                    Registered User
                                    • Sep 2005
                                    • 62

                                    #18
                                    this is funny ;)
                                    --
                                    High bandwidth content hosting

                                    Comment

                                    • EroticySteve
                                      Confirmed User
                                      • Mar 2005
                                      • 4365

                                      #19
                                      My head feels as thick and confused after reading that as the first time I watched Fight Club.
                                      You deserve to make more money. I'll help you do that.
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                                      email steve <at> eroticy.com - icq 290153464

                                      Comment

                                      • Trent Edison
                                        Too lazy to set a custom title
                                        • Jun 2003
                                        • 6132

                                        #20
                                        OMG, sex.com spambot-free adult webmasters boards, it could be true...

                                        Comment

                                        • hova
                                          Traffillionaire
                                          • Jan 2002
                                          • 22430

                                          #21
                                          that's an interesting and complicated situation
                                          http://traffillions.com/

                                          Sign up and get lifetime revshare on your traffic

                                          Comment

                                          • TheDoc
                                            Too lazy to set a custom title
                                            • Jul 2001
                                            • 13827

                                            #22
                                            11 million... Guess the domain doesn't make as much as everyone thinks.
                                            ~TheDoc - ICQ7765825
                                            It's all disambiguation

                                            Comment

                                            • Rui
                                              web
                                              • Dec 2001
                                              • 9533

                                              #23
                                              lol...I wonder how he couldn't saw this coming...

                                              its clear the guy behind this has more money than brains lol

                                              Comment

                                              • GeorgeK
                                                Confirmed User
                                                • Dec 2003
                                                • 423

                                                #24
                                                http://www.duluthsuperior.com/mld/du...s/12763766.htm

                                                is a mirror of the complete original article, but doesn't seem to require a registration.

                                                Or, just use Google News:

                                                http://news.google.com/news?hl=en&q=...UTF-8&filter=0
                                                I buy good domain names. Send lists to George (at) LOFFS.com

                                                Comment

                                                • BradShaw
                                                  Confirmed User
                                                  • Oct 2001
                                                  • 7840

                                                  #25
                                                  Whose your daddy.
                                                  Sig too big

                                                  http://www.gofuckyourself.com/gfy_faqs.html

                                                  Want to use a large banner in your sig??? Contact Eric about getting on as an advertiser - eric AT adult.com

                                                  Comment

                                                  • AlienQ - BANNED FOR LIFE
                                                    best designer on GFY
                                                    • Mar 2003
                                                    • 30307

                                                    #26
                                                    Originally posted by TheDoc
                                                    11 million... Guess the domain doesn't make as much as everyone thinks.
                                                    Bingo.

                                                    I have said that for a long time.

                                                    Comment

                                                    • Dalai lama
                                                      Strength and Honor
                                                      • Jul 2004
                                                      • 16540

                                                      #27
                                                      Originally posted by TheDoc
                                                      11 million... Guess the domain doesn't make as much as everyone thinks.
                                                      What he said

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                                                      Comment

                                                      • iBanker
                                                        Confirmed User
                                                        • Dec 2004
                                                        • 2758

                                                        #28
                                                        I am trying to look up the purchasing company in this transaction in regards to their date of incorporation but am having a hard time finding it. Anyone have any luck?
                                                        www.JasonandAlex.com
                                                        Christopher's ICQ: 268-843-170

                                                        Comment

                                                        • LiveDose
                                                          Show Yer Tits!
                                                          • Feb 2002
                                                          • 25792

                                                          #29
                                                          That name's got bad karma attached to it!

                                                          Scammer Alert: acer19 acer [email protected] [email protected] Money stolen using PayPal

                                                          Comment

                                                          • Holly
                                                            Too lazy to set a custom title
                                                            • Jun 2003
                                                            • 10017

                                                            #30
                                                            Originally posted by JFK
                                                            "repeated untruths regarding the domain name Sex.Com, about other competing offers for the domain name Sex.Com, and various other material and relevant exaggerations and untruths."
                                                            I bet someone told them to do a search for "lightspeed"
                                                            War National Damn Champions Eagle

                                                            Comment

                                                            • GeorgeK
                                                              Confirmed User
                                                              • Dec 2003
                                                              • 423

                                                              #31
                                                              iBanker: I found it by searching the State of Delaware:

                                                              https://sos-res.state.de.us/tin/controller (search for sex.com)

                                                              Entity Details
                                                              THIS IS NOT A STATEMENT OF GOOD STANDING
                                                              File Number: 4015566 Incorporation Date / Formation Date: 08/12/2005
                                                              (mm/dd/yyyy)
                                                              Entity Name: SEX.COM INC.
                                                              Entity Kind: CORPORATION Entity Type: GENERAL
                                                              Residency: DOMESTIC State: DE
                                                              REGISTERED AGENT INFORMATION
                                                              Name: REGISTERED OFFICE SERVICE COMPANY
                                                              Address: 203 NE FRONT STREET, SUITE 101
                                                              City: MILFORD County: KENT
                                                              State: DE Postal Code: 19963
                                                              Phone:
                                                              I buy good domain names. Send lists to George (at) LOFFS.com

                                                              Comment

                                                              • KRL
                                                                Entrepreneur
                                                                • Oct 2002
                                                                • 31429

                                                                #32
                                                                If any of the major players are interested in acquiring Sex.com contact me. I spoke to Gary about various deal structures (just before this other company took out an option that didn't come through) and can structure a deal that wil be very workable.

                                                                [email protected]

                                                                If you would like to develop your domains, you can lease inexpensive foreign labor
                                                                from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION!

                                                                *** *** *** *** *** *** *** *** *** *** *** ***
                                                                Domains Adult News KRL's Newsletter Biz Tips Just Listed Domains

                                                                Comment

                                                                • GeorgeK
                                                                  Confirmed User
                                                                  • Dec 2003
                                                                  • 423

                                                                  #33
                                                                  Some additional details from XBIZ at:

                                                                  http://www.xbiz.com/news_piece.php?id=10542

                                                                  Gary said that Deal Jam still has an option on the domain name, but it's expiring soon. Would be interesting to know what the exercise price of that option is (i.e. Deal Jam would have presumably tried to flip the domain, to make a profit equal to the final price minus the exercise price, and also minus whatever the option itself cost).

                                                                  If someone has a PACER login, it might be a way to read the entire Statement of Claim.
                                                                  I buy good domain names. Send lists to George (at) LOFFS.com

                                                                  Comment

                                                                  • Juicy D. Links
                                                                    So Fucking Banned
                                                                    • Apr 2001
                                                                    • 122992

                                                                    #34
                                                                    Originally posted by KRL
                                                                    If any of the major players are interested in acquiring Sex.com contact me. I spoke to Gary about various deal structures (just before this other company took out an option that didn't come through) and can structure a deal that wil be very workable.

                                                                    [email protected]

                                                                    Kevin , you have layaway plan? I am poor

                                                                    Comment

                                                                    • Webby
                                                                      Too lazy to set a custom title
                                                                      • Oct 2002
                                                                      • 14956

                                                                      #35
                                                                      Too damned funny!!!
                                                                      XXX TLD's - Another mosquito to swat.

                                                                      Comment

                                                                      • RogerV
                                                                        Banned!
                                                                        • Jul 2002
                                                                        • 12591

                                                                        #36
                                                                        I would have thought it would sell for more.. wonder how much traffic it gets now

                                                                        Comment

                                                                        • KRL
                                                                          Entrepreneur
                                                                          • Oct 2002
                                                                          • 31429

                                                                          #37
                                                                          Originally posted by Juicy D. Links
                                                                          Kevin , you have layaway plan? I am poor
                                                                          Actually you'd be very surprised.

                                                                          Most of the really big domain deals all involve creative financing.

                                                                          I'm even thinking about putting together an investment group for this one.

                                                                          So anyone who might be interested let me know.
                                                                          If you would like to develop your domains, you can lease inexpensive foreign labor
                                                                          from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION!

                                                                          *** *** *** *** *** *** *** *** *** *** *** ***
                                                                          Domains Adult News KRL's Newsletter Biz Tips Just Listed Domains

                                                                          Comment

                                                                          • KRL
                                                                            Entrepreneur
                                                                            • Oct 2002
                                                                            • 31429

                                                                            #38
                                                                            Originally posted by RogerV
                                                                            I would have thought it would sell for more.. wonder how much traffic it gets now
                                                                            Contact me for that data.
                                                                            If you would like to develop your domains, you can lease inexpensive foreign labor
                                                                            from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION!

                                                                            *** *** *** *** *** *** *** *** *** *** *** ***
                                                                            Domains Adult News KRL's Newsletter Biz Tips Just Listed Domains

                                                                            Comment

                                                                            • Semi-Retired-Dave
                                                                              Too lazy to set a custom title
                                                                              • Apr 2004
                                                                              • 11190

                                                                              #39
                                                                              Originally posted by pradaboy
                                                                              Haha that sounds like sex.com allright
                                                                              No shit, is it just me or has that name gone thru some crazy times.
                                                                              Support a Good Cause

                                                                              Comment

                                                                              • Choker
                                                                                Confirmed User
                                                                                • Apr 2001
                                                                                • 9024

                                                                                #40
                                                                                75k typeins, redirect them to a paying paysite at 3 to 4 cents a click. one $200 a month server is all you need. No staff, no marketing, nothing . Mill a year in income after expenses. From there it's just a matter of how much you are willing to pay for 1 mill a year income. 10 mill would get you a 10% return on your income. Little risk as this domain should always get this many tpe ins a day forever. There is no shortage of paysites that would buy this redirected traffic at 3 to 4 cents a click. If Gary had done this model instead of the clusterfuck of a network he made, he would be on easy street right now.
                                                                                ICQ me lets make a deal 116894466

                                                                                Need dating, cam, or tube traffic? I got it.http://http://www.chokertraffic.com

                                                                                The Original http://www.chokertraffic.com/

                                                                                Premium country pop-unders from $1.50 per k. I challenge you to compare this traffic to any other brokers.
                                                                                http://www.chokertraffic.com/public/tabs.php?t=o

                                                                                Comment

                                                                                • Donny
                                                                                  As you wish...
                                                                                  • May 2002
                                                                                  • 13754

                                                                                  #41
                                                                                  Originally posted by Choker
                                                                                  75k typeins, redirect them to a paying paysite at 3 to 4 cents a click. one $200 a month server is all you need. No staff, no marketing, nothing . Mill a year in income after expenses. From there it's just a matter of how much you are willing to pay for 1 mill a year income. 10 mill would get you a 10% return on your income. Little risk as this domain should always get this many tpe ins a day forever. There is no shortage of paysites that would buy this redirected traffic at 3 to 4 cents a click. If Gary had done this model instead of the clusterfuck of a network he made, he would be on easy street right now.
                                                                                  Um... Gary IS on easy street. And last I hear he was making somewhere around $400k per month from traffic sales, which is a bit more than the $1 million a year you mention. Also: he was a millionare when you were still dating girls in Jr. High, Choker. He started match.com, remember?

                                                                                  Comment

                                                                                  • imaginax
                                                                                    Confirmed User
                                                                                    • Jun 2002
                                                                                    • 463

                                                                                    #42
                                                                                    Is this a sig spot thread or a dead thread?
                                                                                    imaginax - Design is Art
                                                                                    ICQ: 279-723-701

                                                                                    Comment

                                                                                    • Choker
                                                                                      Confirmed User
                                                                                      • Apr 2001
                                                                                      • 9024

                                                                                      #43
                                                                                      Originally posted by DonovanPhillips
                                                                                      Um... Gary IS on easy street. And last I hear he was making somewhere around $400k per month from traffic sales, which is a bit more than the $1 million a year you mention. Also: he was a millionare when you were still dating girls in Jr. High, Choker. He started match.com, remember?

                                                                                      LOL, sure he is making 400k a month NET on traffic sales. If he were netting 400k a month do you think he would only get 10$ mill for the domain? Surely you are smarter than this. $400 k GROSS a month sure, but net? Forget about it. Yeah I know he started Match.com, heard he sold it for a lifetime membership.
                                                                                      ICQ me lets make a deal 116894466

                                                                                      Need dating, cam, or tube traffic? I got it.http://http://www.chokertraffic.com

                                                                                      The Original http://www.chokertraffic.com/

                                                                                      Premium country pop-unders from $1.50 per k. I challenge you to compare this traffic to any other brokers.
                                                                                      http://www.chokertraffic.com/public/tabs.php?t=o

                                                                                      Comment

                                                                                      • SeniorX
                                                                                        Confirmed User
                                                                                        • Jan 2005
                                                                                        • 302

                                                                                        #44
                                                                                        Originally posted by Choker
                                                                                        Yeah I know he started Match.com, heard he sold it for a lifetime membership.
                                                                                        so true.

                                                                                        Comment

                                                                                        • Shelly L
                                                                                          I have traffic for sale!
                                                                                          • Nov 2005
                                                                                          • 160

                                                                                          #45
                                                                                          Originally Posted by CheneyRumsfeld
                                                                                          I am going to form the companies
                                                                                          Microsoft.com
                                                                                          Google.com
                                                                                          and a few others, who wants in on the deal?


                                                                                          Originally posted by Babagirls
                                                                                          sure, count me in. although, i have no fuckin clue what you can do with a domain called "google"..heh, sounds like a disease or something. oh well, I'll take a chance & go in with ya anyways.

                                                                                          I want in too!

                                                                                          Let's use "google.com" to sell freeze dried ice cream! We are going to be rich!

                                                                                          Comment

                                                                                          • DK
                                                                                            Confirmed User
                                                                                            • Nov 2001
                                                                                            • 1273

                                                                                            #46
                                                                                            This Thread Needs an Orly!
                                                                                            skype: romeoblu

                                                                                            Comment

                                                                                            • SmokeyTheBear
                                                                                              ►SouthOfHeaven
                                                                                              • Jun 2004
                                                                                              • 28609

                                                                                              #47
                                                                                              Originally posted by DK
                                                                                              This Thread Needs an Orly!
                                                                                              hatisblack at yahoo.com

                                                                                              Comment

                                                                                              • dig420
                                                                                                Confirmed User
                                                                                                • May 2001
                                                                                                • 9240

                                                                                                #48
                                                                                                Every time I see somebody knocking GK I just think 'hater'.

                                                                                                Go ahead and tell us how you would do it so much better if only - IF ONLY - you had been smart enough to be in Gary's position in the first place.

                                                                                                Comment

                                                                                                • AlienQ - BANNED FOR LIFE
                                                                                                  best designer on GFY
                                                                                                  • Mar 2003
                                                                                                  • 30307

                                                                                                  #49
                                                                                                  I am pretty damn sure I could get SEX.COM Pulling 600K a month profit within 4 months.

                                                                                                  Cohens biz model was 100% correct.

                                                                                                  I like Gary, he is kool but Cohens business model was better.

                                                                                                  Comment

                                                                                                  • DaddyHalbucks
                                                                                                    A freakin' legend!
                                                                                                    • Feb 2004
                                                                                                    • 18975

                                                                                                    #50
                                                                                                    Interesting info. Thanks.
                                                                                                    Boner Money

                                                                                                    Comment

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