10/28/2005

Sex.com Thief Arrested

Filed under: — By Aviran Mordo @ 7:59 am

The con-man who stole the most valuable domain name in the world, Sex.com, has been arrested by Mexican police and handed over to US agents after nearly six years on the run.

Stephen Michael Cohen was arrested on an immigration violation by Mexican authorities and turned over to the US border patrol yesterday, the LA Times has reported. Cohen is being held without bail at the Metropolitan Correctional Center in San Diego, according to deputy marshal Tania Tyler of the US immigration service.

Cohen is wanted in the US for failure to pay $65m in a court judgement reached in April 2001. The judgement was the result of a five-year court battle by the original owner of the domain, Gary Kremen, which nearly bankrupted the entrepreneur and founder of the net’s biggest dating site, Match.com.

Kremen was awarded the sum in compensation after Cohen stole Sex.com in October 1995 through an elaborate scam. Cohen then ran the site at an estimated $100m profit until the domain was finally handed back to Kremen by the court in November 2000.

Source: The Register

 

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