While itâs definitely illegal and unethical, after seeing the scam better explained on
http://www.moneymakerdiscussion.com...-day-selling-domain-names-small-business.html
sadly, I think it might work as a scam as long as one does not invest much in domain names.
It is in effect (fraudulently) offering small businesses the opportunity to get their competitors business cheap, for $50. Itâs just like selling hot watches on the street that are not really hot, but cheap counterfeit watches.
The businesses might not even realize they have been scammed unless they keep a close eye on their Internet traffic and notice it does not go up.
When they noticed they were scammed, itâs only $50, and they really canât go to the police saying âI thought I was buying a hot Rolexâ or âI thought I was stealing my competitor's traffic.â