Lawsuit sheds more light on bidding scandal. Earlier today Snapnames and parent company Oversee.net filed a lawsuit against former employee Howard Nelson Brady, Jr. for his alleged scheme of shill bidding and embezzlement.
How much did customers overpay thanks to Halvarez? Last week I reported about how the judge in the California lawsuit against Snapnames questioned how much money was at issue. In order to qualify for class action status, at least $5 million must be at stake. In questioning the total number, the judge noted that the plaintiff in the case had lost a whopping $20. If ‘halvarez’ participated in 50,000 auctions at an average overpayment of $20, that would be only $1 million.