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Here's the The Lowdown from DN Journal,
updated daily
to fill you in on the latest buzz going around the domain name industry. 

The Lowdown is compiled by DN Journal Editor & Publisher Ron Jackson.

Five Years in State Prison Awaits Convicted Domain Thief Daniel Goncalves - Who Wants to Be Next?

The best news I have heard this week has to be word that a convicted domain thief is going to jail  for his crime. 26-year-old Daniel Goncalves will not be doing his time in some minimum security lock up either. After pleading guilty in a plea bargain arrangement  the New Jersey Division of Criminal Justice will recommend that Goncalves spend five years in state prison and also pay hundreds of thousands of dollars in restitution. Union County Superior Court Judge Stuart L. Peim scheduled a sentencing hearing for May 6, 2011. Had he not pled out, Goncalves might have earned 15 years in the slammer. 

As we told you in August 2009, Goncalves picked the wrong people to steal from when he hijacked P2P.com and 

two other domains from industry pioneer Marc Ostrofsky and his partners Albert and Lesli Angel. Albert Angel happens to be a noted attorney and former U.S. Justice Department prosecutor. Oops! 

Albert Angel

These were not the kind of people to let anyone get away with stealing their property. The Angels tracked the thief for over a year and packaged an enormous amount of data to help prosecutors crack the case. Still, despite Albert's law enforcement background and Lesli's single-minded devotion to gathering proof for the authorities, seeing justice served did not come easily. "There were times I felt that people who have their hubcaps stolen have more remedies than victims of Internet domain theft!," Mrs. Angel said. "But I was determined to bring this thief to justice, and I am gratified by the outcome today. Other victims of cybercrime should be on alert that such theft will not be tolerated in a world where business is now conducted online. 

After Goncalves hacked into the victim's GoDaddy account to steal the domains, he sold P2P.com to an  unsuspecting buyer on Ebay for over 

$111,000. He probably thought he was home free after that - instead he will go to jail and become a footnote in Internet history - the first person known to have been convicted for a domain name theft. I'm hopeful he will not be the last.

One other note today. Sedo is hosting a free webinar tomorrow (Wednesday, December 15, 2010)  called  "Domain Names: Strategic Insights for SEO." The event will get underway at 2pm U.S. Eastern Time. The topics to be covered include:

  • How domains can improve your search engine rankings

  • Integrating domains into your online marketing strategy

  • Domain acquisition strategies

  • Key domain value indicators

  • Success stories

If you would like to sit in on the webinar, you can register here:

(Posted Dec. 14, 2010) 

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