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Wow transferring the domain was the single most idiotic thing I've heard so far. I have a friend as well, whos starting a mainstream site, i laid out the terms, but made it clear that *HE* registers the domains and pays for the reg fees, I could care less who he does that through, but the ONLY thing i would need is for him to point the name servers on the domain to my hosting provider, he fully retains control of the domain, and I made it clear that ABSOLUTELY NO ONE EVER except him should retain control of the domain.
Whoever this guy is, if he has half a brain, he'd be long gone and registered the domain for 5 years and wait you out. The only saving grace you MIGHT have is if the registration information is incorrect, you might be able to sue him for it if you can prove trademarks.
It gets sticky from here... but your clearly in a shitty position.
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