from raw story: Damn those Internets. President Bush’s presidential library lost their domains to cybersquatters and the company charged with developing the website was forced to pay $35,000 to get it back. The squatters, a North Carolina company called Illuminati Karate, leveraged the domain that the presidential library let expire into a sweet five-figure sum after an embarrassing report in a Dallas newspaper that they’d lost the domain. Illuminati’s return on investment was a whopping 3500%. They paid just $10 for the domain. “Illuminati Karate paid less than $10 for the www.GeorgeWBushLibrary.com domain name – and sold it back for $35,000 to the library’s contracted Web developers, Yuma Solutions, who had accidentally let it expire,” the Dallas News reported Thursday. “Illuminati Karate recognized what the library obviously knew as well – that anything else, like www.GWBPresidentialLibrary .com, would have been cumbersome and less than ideal.” “It worked out very well,” said Huger, lead Web developer for Illuminati Karate in Raleigh, N.C., told the paper. Mark Mills, owner of Yuma Solutions, could not be reached for comment. The company sold $1.25 in computers and support services to Sen. John McCain’s (R-AZ) presidential campaign this year.
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