Especially when the marketing was saying [1]:

> As your .name can be registered for up to 10 years and ownership is renewable, your .name really can be yours for life.

It seemed like there was an offer of renewable registration at least for a life term.

[1] https://web.archive.org/web/20020609132126/http://nic.name/c...

Fun fact: The Peter Morgan listed on that page was an actual employee of Global Name Registry. I believe he agreed to sign a contract to let us use the name as example.

That's the crazy part - they can take your money, prorated to some future-period but, upon cancellation, the remaining future period of YOUR money becomes THEIR immediate revenue recognition. Is it fraud or theft? To me, it has to be one or the other...

And lets be clear here, refunding the registration fees should NOT be considered even close to sufficient compensation as Neil and others like him have reasonable assumed they would control the name for that time and made choices that depend on that.

Because they haven’t been sued enough yet?

ICANN should not approve such an obviously fraudulent move even without anyone being sued. Neither should Verisign even consider that they'll be able to get away with it. If you need to sue for this something else is already very wrong with the system.

A lack of consequences (getting sued and losing) is what leads to this.

Is it corrupt? Yes. Is there a factor making corruption inevitable? Yes.

I guess I’m confused why the author isn’t pursuing this legally.

The post ends with: “Time to lawyer up...”

He is.