http://www.theregister.co.uk/2009/11/18/domain_name_theft_indictment/
A New Jersey man has been charged with stealing the p2p.com domain name and selling it to a professional basketball player for more than $111,000 in the first US indictment for domain name theft.
In May 2006, Daniel Goncalves, now 25, of Union City, illegally accessed accounts of domain name registrar GoDaddy "for the purpose of altering registration information for 'p2p.com,' to fraudulently transfer registration of 'p2p.com from its lawful registrant," according to the indictment, which was filed by the New Jersey Attorney General's office.
Once in possession of the domain name, Goncalves allegedly auctioned it on eBay, where it was purchased for $111,211.11 by Mark Madsen, a basketball player for the Minnesota Timberwolves, who was unaware of the theft allegations. P2p.com was the name of a business owned by three entrepreneurs, who maintain that the domain name was worth from $160,000 to $200,000 because of its short length and topical relation to peer-to-peer file sharing.
How much money did Mark Madsen make in the NBA again?
