Re:Tech CEO Sentenced to 5 Years in IP Address Scheme
by Aurornis on Tuesday October 17, 2023 @01:27PM
(#37918465)
This story is hard to believe as told.
Even back in the early days of the internet, non-government Class A blocks were few and far between. I doubt there was a form you could fill out and authorize a transfer to a random individual by merely having an e-mail address and a domain name.
Even if you could finagle a transfer by impersonating the company via e-mail, that would be a clear case of fraud and theft from the defunct company's assets. You couldn't actually expect to use or sell the block without anyone noticing.
> He ended up trading it under the table to a company that could use it, in exchange for the promise of free service for life.
If the story is true, what likely happened is that they coordinated the actual sale through proper channels and laughed at your friends' fraud, er, antics, choosing to give him a token gesture instead of actually buying anything from him.
Even back in the early days of the internet, non-government Class A blocks were few and far between. I doubt there was a form you could fill out and authorize a transfer to a random individual by merely having an e-mail address and a domain name.
Even if you could finagle a transfer by impersonating the company via e-mail, that would be a clear case of fraud and theft from the defunct company's assets. You couldn't actually expect to use or sell the block without anyone noticing.
> He ended up trading it under the table to a company that could use it, in exchange for the promise of free service for life.
If the story is true, what likely happened is that they coordinated the actual sale through proper channels and laughed at your friends' fraud, er, antics, choosing to give him a token gesture instead of actually buying anything from him.