Paul Stahura (image from his facebook profile)

Paul Stahura launched eNom in 1997 from an ISDN line in his garage in Redmond Washington. The company now is part of Demand Media and Paul was a CSO as well as a member of the board. After 12 years, he is now leaving the company. Here is what he writes on Facebook:

After much thought, and 12 years after founding eNom, I’ve decided to join the ranks of eNom alumni. Demand Media, the company I sold eNom to nearly four years ago, is a great company and will be even greater in the years to come. Truly “going big”… Huge. The board, the management team, the employees – everyone – our customers, our services, are top notch. Demand is still in the first innings, but its time for me to move on. I look forward to working with Demand in the future, just not as an employee, and to keeping in touch with you all. Very best of luck to everyone at eNom and Demand Media! So long for now, Paul

DNN wishes Paul all the best for his future plans.

(c) 2009 DomainNameNews.com

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The auction will be the first to utilize the new beta auction platform which will replace Proxibid.com and can be found at www.Latonas.com (currently only shows a pre-registration page).

“We are excited to support the WhyPark Charity Auction,” said Rick Latona, President of Rick Latona Auctions. “It is also the perfect opportunity for us to test drive our new Latonas.com auction platform. Since it is an online only auction with no live auctioneer, it should be a low stress environment. Customers will be able to help people through The WhyPark Charity Auction , pick up a great new name or two and get a sneak preview of what we are up to here in Atlanta.”

“The WhyPark charity auction is simply about raising funds for a charity in need,” said Craig Rowe, President of WhyPark Technology Services. “The domain name community raises funds for several charities worldwide and this is another opportunity to provide financial assistance to a worthwhile organization of the highest winning bidder’s choice. We are excited to partner with Rick Latona Auctions, a leader in the domain industry to help make this a successful auction.”

WhyPark’s Charity Domain Auction will include up to 50 domain names, all donated by domain industry leaders and all with no reserve price. The proceeds will be given to a socially-responsible charity chosen by the highest single bidder in the auction.

To submit domain names for the auction, visit http://www.whypark.com/auction.

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Frank Michlick is Chairman of DNEvents.com Inc, the company that organizes Domainer Dinner and the Domain Convergence conference.

(c) 2009 DomainNameNews.com

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See the full reported sales after the jump.

.COM

Other TLDs

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Andrew at DNW and I were having a call when he ran across the press release marking this as the first class action against SnapNames.

(c) 2009 DomainNameNews.com

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To be clear the site states :
The listing of a company is not meant to state or imply that it committed any illegal or improper act; rather only that an investigation is or was being conducted by private attorneys to determine whether legal rights have been violated.

Edelson has recently taken on Facebook, Match.com, Lycos, and a number of other internet companies.

The site further reads :

If you purchased a domain name through SnapNames since 2005, you may be entitled to recover money. Contact an attorney today!

Also, typical of the domainer crowd, both SnapNamesClassAction.com and OverseeClassAction.com have been registered.  Too bad Edelson doesn’t have an affiliate program.

(c) 2009 DomainNameNews.com

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According to a post on NamePros from Rob, an employee of Oversee.net’s support, Snapnames will restate all bidding history in their interface. The information had been truncated before and thus was only showing auctions up to November 2007.

[Ed. Emphasis added]

There’s been a lot happening today and I wanted to give the forum an update. I’m posting here and on some other boards to reach as many clients as possible.

There’s been quite a bit of back-and-forth here and other places about access to SnapNames bidding and order history. The truncated system, which limits view to the 24 months prior to whatever date the lookup is being performed, has been in place for the past four years, since June 2005. This was not changed recently or in response to the recent announcement.

That aside, to make sure no one thinks there’s an attempt to shield data, our technical staff is adjusting the existing system so order and bid histories are available back to August 2004, when SnapNames instituted the auction platform. We are working on that change now.

I’ll post more when I know more.

Thanks.

Rob
Oversee Support

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SnapNames.com, Inc.
1600 SW 4th Ave., Suite 400
Portland, Oregon 97201

November 6, 2009

Re: Rebate Offer

Dear Customer:

On November 4, 2009, SnapNames.com, Inc. (“SnapNames”) notified customers about an unfortunate incident involving an employee bidding under a false name in certain SnapNames auctions. As we said previously, this was a clear violation of our internal policy and we regret that it occurred. In order to avoid any appearance that SnapNames benefited from this unauthorized conduct and in recognition of the importance of fair auctions, SnapNames is offering a rebate to any customer that won an auction in which this employee’s bidding activity resulted in a higher price paid by the customer. This letter provides more details regarding this rebate offer.

The account in question was named “halvarez.” Our records indicate that you won one or more auctions involving domain names in which halvarez also placed a bid. The attached Schedule I (link below) includes: (i) a list of each domain for which you were the winning bidder in a SnapNames auction in which halvarez placed a bid that affected the amount of the winning bid in the auction, (ii) the date on which the auctions for each domain closed, (iii) the winning bid price paid for such domains, (iv) the rebate amount for such domains, (v) the aggregate interest amount and (vi) the aggregate rebate amount.

Although the employee that placed bids under the name halvarez appeared to have submitted genuine bids in many auctions in which another person won, SnapNames is offering a rebate in each and every instance where this employee’s bidding had an impact on the winning bid. SnapNames is doing so to avoid any appearance of a conflict of interest on the part of the company.

How Affected Auctions Were Reviewed

To determine the rebate offer amount, SnapNames hired FTI Consulting, an independent, international forensic accounting firm, to perform a thorough review of these auctions and calculate the rebate. FTI Consulting reviewed data regarding all of the bidders in an affected auction, including the bids each bidder placed in the auction and the maximum bids the bidders indicated they were willing to place in the auction, and determined from this data what the winning bid would have been had halvarez never placed a bid in the auction. This amount was then subtracted from the actual price paid for the domain name to determine the amount of the rebate for that auction.

Calculation of Rebate Offer Amounts

In situations where a customer competed in the auction against only halvarez, the rebate offered is the difference between the winning bid and the opening bid for the auction, plus interest. This calculation assumes that were it not for the bidding by halvarez, the client would have won the name with the opening bid. In situations where there were other bidders in addition to the winner and halvarez, FTI Consulting reviewed the bidding history for each auction, as well as any indications by other bidders regarding the maximum bid they were willing to submit in the auction, to determine what the winning price would have been had halvarez not participated in the auction. For example, if the winner paid $100 for the domain, halvarez had bid $90, a third person’s maximum bid was $80, and the minimum bid increment was $5, then FTI determined that the winner would have won the auction at $85 were it not for the bidding by halvarez. Thus, the rebate offered for this auction would be $15, i.e., $100 minus $85, plus interest.

The Rebate Offer

In your case, SnapNames has concluded that had halvarez not placed a bid on any of the auctions you won, you may have paid less for the domain names you purchased at auction. Therefore, SnapNames is offering you a rebate for this amount plus interest, calculated at the rate of 5.22%, compounded annually, which is the highest value of the 1 month constant maturity treasury rate during the applicable period. This rate is established by federal law.

The rebate is available, at your option, in cash or as a credit to your SnapNames account. (Please note however that credit to your SnapNames account will be available only if the rebate amount, including interest, is $59 or higher. If the amount is less than $59, your rebate will be offered in cash.) Although we don’t currently anticipate doing so, we may impose other restrictions on the issuance of account credits, to satisfy legal or accounting requirements.

This offer is dependent upon your executing and returning to Rust Consulting, Inc., a third party administrator that is assisting with the administration of this rebate offer, the accompanying Rebate Offer Acceptance Agreement (link below) which, among other things, waives any claims you may have against SnapNames and its affiliates relating to this matter. This offer is open for twelve months from today’s date. If the offer is not accepted within this time frame, then the rebate will no longer be available.

If you have questions or concerns regarding the rebate calculation or other aspects of this offer, please contact Rust Consulting by telephone at 1-888-413-5338 or by e-mail at snapnamesrebate@rustconsulting.com. Please be prepared to provide detailed information and data regarding your bidding and purchase activity to the extent that it differs from the information we have provided to you.

Under certain circumstances we may be required to report the interest paid to you to the U.S. Internal Revenue Service (“IRS”). To permit us to satisfy any reporting obligations, your receipt of payment or credit from SnapNames pursuant to this offer may be conditioned on your providing us with a properly completed and executed IRS Form W-9 (or, for non-U.S. persons, an IRS Form W‑8BEN or other appropriate version of Form W-8), or such other materials that may be required to enable us to comply with applicable tax laws. If so, we will provide you with further information. You are urged to consult your tax advisor regarding the U.S. federal income and other tax consequences to you that may result from this offer.

Processing Your Rebate Offer

In order to process your rebate, please execute and return the Rebate Offer Acceptance Agreement and send it to the following:

SnapNames Rebate Administrator
P.O. Box 98
Minneapolis, MN 55440-0098

If you so elect, you may contact Rust Consulting to print and mail you a copy of these forms, along with a self-addressed stamped envelope. Rust Consulting can be reached by telephone at 1-888-413-5338 or by e-mail at snapnamesrebate@rustconsulting.com Please provide your current mailing address with your request. Upon receipt of your Rebate Offer Acceptance Agreement and after verification of your eligibility, Rust Consulting will provide your rebate check (or confirm application of account credit) by mail.

Again, SnapNames regrets that its policies were not followed and that any of its customers may have been inconvenienced by this matter. SnapNames thanks you once again for your continued business.

Sincerely,

Jeff Kupietzky Craig Snyder
President and CEO General Manager, SnapNames.com

(c) 2009 DomainNameNews.com

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