VPN.com files $26 million lawsuit against domain investor (1 Viewing)

silentg

DomainRetail.com
Gold Notable Member
Joined
Jul 3, 2021
Topics
311
Posts
1,432
Likes
1,259
From
Toronto, ON
Country flag
VPN.com LLC has filed a multimillion lawsuit against long time domain investor George Dikian (California), Qiang Du (Hong Kong) and John Doe at the US District Court (California).


The lawsuit involves a $250,000 payment in Bitcoin and $6.625 million in owed commissions on multiple transactions involving 96 premium 2N.com and 3N.com domains.
VPN.com files $26 million lawsuit against domain investor - OnlineDomain.com

Scratching my head about: commission rate and the escrow company they used.
 
Sounds like they were taken to the cleaners by a fraudster and are now trying to blame the actual people the fraudster was impersonating. Their "evidence" on the email address is absolutely idiotic, as the investor claims to not have been involved and his email was compromised, while VPN counters that "there was no evidence of email spoofing". Huh? No one said there was any spoofing.

And check out those broker fees to VPN, with the "agreement" stating VPN would receive 50% of the $12M purchase price - no warning signs there LOL. People often send others $6M just for doing nothing - flashing a pile of fake money is how scammers hook suckers.

This is going to be interesting, as I think this will come down to whether VPN can prove the money was actually received by those people they are suing, and not to a fraudster.
 
Last edited:
I don’t know what VPN[.]com is thinking, but this complaint doesn’t put themselves in a good light.

Beyond the obvious lack of due diligence (e.g. they don’t mention ever authenticating the parties by phone – everything appears to be via emails; use of a sketchy escrow; unclear if there were separate written legal contracts, etc.), there’s the hilarious “commission” that they negotiated for themselves (see paragraphs 23-25 on page 6 of the PDF).

https://onlinedomain.com/wp-content/uploads/2022/07/1-2022-06-29-VPN-Complaint.pdf

VPN[.]com’s own own website, on the Intellectual Property → Domain Names page, claims:

“We Never Charge More Than 15%”

Another reason to deal with “Principals Only.”
 

Members who recently read this topic: 1

Sponsors who contribute to keep dn.ca free for everyone.

Sponsors who contribute to keep dn.ca free.

Back