| fpforum |
11-11-2009 03:47 PM |
SnapNames bidders Read This!!
If you have ever tried bidding on a domain at Snapnames you may recognize the name "halvarez"...This user is well known as someone putting bids into names to drive auction prices up. Turns out this douche is the VP of engineering at SnapNames and was doing inside bids.
SnapNames released this statement
Quote:
To avoid any question about whether the company benefited from this conduct, SnapNames will offer a rebate to impacted customers, including 5.22% interest (the highest applicable federal rate during the affected time period), of the difference between the prices they paid in winning auctions, and the prices they would have paid had the employee not bid in the auctions. Impacted customers will be notified by SnapNames or its representative with instructions for the offer of a rebate.
SnapNames also has taken further action to ensure its policies regarding auctions are followed, and the company remains committed to taking whatever action is necessary to protect the integrity of its auction platform.
SnapNames deeply regrets this situation and is committed to addressing its customers? needs quickly and fairly.
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Read more about it Here |
