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In the past week, the website of Ethos Capital, the private equity firm that offered $1.13bn to take control of the popular .org registry, was updated to list ex-ICANN CEO Fadi Chehade as its joint head.
The change is significant because it was Chehade's involvement in the attempted .org purchase that first alerted internet users that the deal deserved closer scrutiny.
The sale was ultimately vetoed several months later by ICANN, but only after the Attorney General of California got involved and sent a last-minute letter to LA-based ICANN telling it not to approve the deal in part due to the "lack of transparency" on Ethos Capital.
Part of that lack of transparency was who would actually own the .org registry after the sale: behind Ethos was a complex structure of no less than four shell companies that were all registered on the same day in Delaware with the prefix "Purpose Domains." Ethos Capital refused to divulge who all the directors of those companies actually were despite repeat requests, including from ICANN, which had the power to refuse the sale.
Chehade's close link to the proposed sale was only noticed because he had registered Ethos Capital's .org domain name, EthosCapital.org, under his own name on May 7, 2019. The company Ethos Capital LLC was registered in Delaware one week later, on May 14, 2019.
Acting merely as "advisor" until now allowed plausible deniability when pointed questions were made to The Internet Society and PIR (Public Interest Registry) concerning Ethos Capital.
Hmmmm 🤔
(Score: 4, Insightful) by nitehawk214 on Thursday July 23 2020, @01:53PM (4 children)
It is like these rich assholes are entirely aware what they do is ethically wrong and are flaunting that there is nothing the people can do about it.
"Don't you ever miss the days when you used to be nostalgic?" -Loiosh
(Score: 1, Interesting) by Anonymous Coward on Thursday July 23 2020, @03:14PM
Ethics are in the
eyewallet of the beholder.The most mortal, unforgivable sin in American 'Highlander'-style capitalism is leaving money on the table.
.ORG domain holders are not paying almost more than they can bear for the (intelletual) propety.
This cannot be allowed to stand; these
suckerssinners don't deserve a free lunch. The supply-demand curve must be brought into equilibrium.Ethoz, who saw this evil and righteously sought to correct it, must be rewarded for their supreme risk-taking attempt at salvation.
Hallelujah and pass the collection plate.
(Score: 1, Funny) by Anonymous Coward on Thursday July 23 2020, @06:35PM
Say what you will about the tenets of National Socialism, at least they're not fucking nihilists.
(Score: 3, Insightful) by Azuma Hazuki on Friday July 24 2020, @12:38AM (1 child)
They are. The cruelty is the point, don't you get it? Sociopaths revel in their lack of conscience and the sanity-damage that just witnessing their pointless cruelty inflicts on everyone else. To them, the very fact that we *do* suffer SAN damage this way is proof that we're inferior and deserve everything they do to us.
I am "that girl" your mother warned you about...
(Score: 2, Informative) by Anonymous Coward on Friday July 24 2020, @03:11AM
1984 Part 3 Chapter 3