Supreme Court Rules on Sex.com
Sex.com is a domain that was originally registered by Gary Kremen who registered it through Network Solutions which is now called Verisign. Stephen Cohen used a letter forged with Kremen's name so he could become the domain's owner.
Thanks to this tactic, Cohen became the head of a multi-million dollar Internet porn empire while Kremens spent 6 years in court fighting to get the domain back. Cohen is to pay $65 million in damages for what he did.
However, since Cohen has escaped to Mexico, it may be impossible to recover the damages. Verisign may lose money for the erroneous transfer. Verisign states that domains are not property but the Supreme Court's ruling appears to contradict this.
Source: news.bbc.co.uk
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