The Domain Scam of the Century

We have heard of Various Scams and now comes the master of all.

The DotAsia Domain registration scam, where Mr X buys a domain xyz.asia and later some Mr A, Mr B and Mr C try looking up for xyz.asia which is already sold by a domain registrant like say Godaddy in my case.

Just because people showed interest in the domain xyz.com, then DotAsia registry goes ahead and Auctions it thru their partner pool.asia.

Then the Domain is sold to the highest bidder and pool with DotAsia org pockets all the money and Mr X looses his domain which he originally bought and his credit card was charged for it.