Boy, am I glad I (finally) got all my domains out from RegisterFly!

Seems many were not so lucky.

The Domaintools blog had this to say:

Reports are flying in about RegisterFly’s implosion. Registerfly’s web site went dark for most of the Monday after the CEO Kevin Medina changed the root password and locked everyone out. It started earlier in the month, on February 12th, vice president John Naruszewicz threw the first major punch by suing the CEO with a claim of misappropriation of corporate funds. The CEO and the Vice-President both own 50% of the company so they are in a dead-lock right now. It seems Mr. Naruszewicz has taken higher ground by sending Mr. Medina a letter of termination.Chihuahua

In the lawsuit, Mr. Naruszewicz claims Medina used company funds to buy a $6000 Chihuahua, $9,000 in escorts, $6,000 worth of liposuction, and $10,000-a-month Miami Beach penthouse. Meanwhile some customers are expressing suicidal thoughts. “I am about to lose 476 domains with registerfly,” he wrote. “In the batch of domains I am about to lose is my bread and butter domains that put food in my family’s mouthes and roofs over my employees heads… You know for a few minutes there I could relate with the people that take their own lives.” Another customer notes that even when he pays them his domains don’t renew, “.. so far 2 of my domains have been allowed to expire. They took my money for one of them, I believe that is called fraud and the other was funded in a quick checkout account, but was never processed after performing the renewal.”

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