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From WFTV news in Orlando, Florida:
A Florida company that sells online commercial payment software has sued its former chief technology officer, claiming that a porn site snapped up its web address when he allowed it to expire.
[...] The St. Petersburg company accuses co-founder and former CTO Lev Gorodinski of keeping vital passwords, software code and other sensitive information after abruptly quitting.
[...] Subsequently, all but one of Epay's 29 customers canceled their contracts, company officials said.
[...] The last customer, a preschool, left when the Epay web domain was turned into a pornography site, the lawsuit alleges.
The company's registration with GoDaddy expired and Gorodinski refused to give the company the information needed to access the account and re-establish its ownership, Epay officials claim.
Why is it always porn sites?
(Score: 4, Insightful) by black6host on Tuesday December 27 2016, @09:07AM
That's a pretty easy one. They can charge an exorbitant price to sell the domain back to the original owner, who, in this case, seems to need it badly if they ever hope to recover. Assuming recovery is possible which in this case, in my opinion, is not likely given the number of their customers. Still, it's worth the small amount it costs to try and make a buck out of it.
My guess is that porn site operators are on top of such things. Likewise, if an air conditioning company goes out of business many other A/C companys will try to get the defunct company's phone number... At least those who can see the value.