Sale Of Domain Name Leads To trouble.Com
A Wisconsin man may spend the next five years of his life in jail for allegedly selling his company’s domain name, sofa.com, without permission… |
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A Wisconsin man may spend the next five years of his life in jail for allegedly selling his company’s domain name, sofa.com, without permission.
The Sheboygan (Wis.) Press reported Tuesday that Stephen M. Galstad has been charged with selling the rights to sofa.com for $200,000, along with additional charges that he used company funds to vacation with his “stripper” girlfriend.
A lawyer for the 41-year-old has countered those charges by alleging Galstad had been given ownership rights to Dinesen’s Leather Only’s domain name by the company’s deceased founder.
Unfortunately for Galstad, there is no official documentation for such a legal transaction and therefore he now faces jail time and a maximum fine of $25,000.
The Press said that the additional charges involved international trips that Galstad went on with a girlfriend, who has been identified as a stripper, allegedly funded through company credit cards.
Source: upi.com
09/02/2010 at 10:11 pm Permalink
I found this article useful in a paper I am writing at university. Hopefully, I get an A+ now!
Thanks
Bernice Franklin
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