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Sex.com Case Finally 'Over'
Spad writes "The Register is reporting that Stephen Michael Cohen has, unsurprisingly, lost his appeal against the $65m in costs awarded to Gary Kremen for defrauding him out of the sex.com domain name almost 6 years ago. However, Cohen is currently a fugitive from justice in Mexico, with his assets in various offshore accounts, making it very difficult for Mr Kremen to claim his money. Kremen is now pursuing a $100m suit against VeriSign for signing over the domain in the first place, which he is expected to win." See our previous story for more background.
It looks like the bounty is a measly $50,000.
I might be crazy, but I'm not crazy enough to get in a gun fight with Mexican police for a chance at $50,000.
I used to work for these 2 guys that paid Cohen to put their banners on sex.com. The reason this domain is so sought after is becasue it rakes in somthing like a 200,000$ a day just on referal sign-up traffic. You had to pay Cohen 10k-20k A DAY just to have your pr0n banner on the front of sex.com's site. So with no overhead, just one html page that needs to be served, its a genius business model. I actually got to meet Cohen, and he is not someone you wanna mess with. Right when he walked in our office you could tell, he was ready to beat the crap outta anyone who looked at him wrong. This was back in 1999, Unfortunately, the original owner will probably not see a dime from Cohen.