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He was advertising an unaudited domain fund, targeting newbie investors who trusted the namepros forum. He had extensive badges, and designations associated with his profile which can send the wrong trust message to newbies.Member i o w a d a w g is #1 in likes, not baseballworld, but we don't recommend anyone use likes as a safety metric.
There has never been a connection to NamePros other than it being 1 out of 1,000,000 threads on NamePros. We don't tell anyone what to buy or what not to buy, and we never endorsed anything regarding his sales.
If the terms of a deal are not honored, then we get involved and take action, like we did in this case. His marketplace access has been removed and his account is restricted. We can't predict which deals will and will not complete successfully, but we could become the first 100% safe platform in the world if we could.
If there's anything else we can do to help, please contact our customer support team.
Thanks,
I really think Namepros management should have been more proactive when a member is accepting funds to form a fund, there are many laws in regards to accepting such types of monies from investors, it was not going to end well, as many of these people tend to use these funds to top up their day to day living expenses.
To protect your members, and your brand it would probably be wise to block such types of fund raising by a single unaudited party. It happend here, as it targeted members of this forum, these people leave the industry with a bad taste, and mistrust, doesn't help anyone.
It got to the point where this person was saying I am making money hand over fist, I don't need your investment, but I am happy to take it for whatever reason I feel the need to share profits with all. At this point it was quite obvious where this was headed.
I feel namepros has the power to say what is right, and what not is right when people use their forum, not sure how this went unregulated, as it has a high level of risk associated with members being fleeced.
Once again it is your forum, and you have the right to do what you wish, but when it comes to raising of funds thru unaudited means, it never ends well.
Forums are nothing without it's members, the members provide the content, the forum provides the platform, without content, you have no platform, it is important to protect such members.
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