Mon Aug 03, 2009 5:10 pm EDT
Just when you thought the "big" NBA news on Monday involved Shelden Williams, Ryan Hollins and/or Queen Latifah, that trusty ol' "Clipper Curse" rears it's ugly head once again; this time dragging good guy Mark Madsen(notes) into the virtual mix of things. When will the madness end?
The Associated Press reports that Daniel Goncalves, 25, of New Jersey, hacked into an online account belonging to one of the owners of the popular P2P.com domain name. (Note: P2P stands for "peer-to-peer," the common terminology for direct file sharing on the web. Thanks, Ziller; you're my tech genius.)
Once inside The Matrix, Goncalves allegedly shifted ownership to himself and resold the address on eBay to "good faith" purchaser Madsen for $111,000. He likely had dinner with the Woman in the Red Dress, too.
Goncalves faces three different felony charges. State police say each count could carry a maximum sentence of 10 years in the Los Angeles Clippers locker— err, prison. Sorry. Slip of the keyboard.
Ball Don't Lie is an NBA blog edited by J.E. Skeets. Email him, and follow him on Twitter.

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49 Comments
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lakerstraffic.blogspot.com
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He paid so much because he's the MADDOG, son.
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@ Joe I - Madsen "invested" in a domain name, by buying it for $110k. All domain names that have generic descriptive qualities, such as "CollegeBaseballTeams.com" are valuable because they describe a product or service that people use as brands and millions of people navigate the internet for these terms by just typing in a domain name that incorporates their terms, as opposed to "searching" for them on a search engine. Madsen, in this case, bought a domain name that was obtained by stealing it from the rightful owners.
This case is interesting, because it shows that people with money (like Madsen) are investing in domain names quietly to avoid losing money in the stock market or other investments. Domain names rarely, if ever, lose value, and almost always go up in value each year. Thousands of domain investors will pay $300 for a domain name one year, and then sell it for $1000 or more a year later. Increase that amount, where some investors pay $150k for a domain one year, and two years later sell it for $500,000. I may get shot for saying this, (because it's a fairly lowkey business because there are only so many domains to go around), but buying domains is probably the best investment anyone can make, as long as they know what domains to buy.
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hilarious, no really, i laughed about a good 10 minutes on that one. thank you.
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That picture you put up couldn't be more gay, man.
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1 - 22 of 49