From the AP:

A northern New Jersey man is charged with stealing a prime piece of Internet real estate and reselling it for more than $100,000.

Authorities say Daniel Goncalves, 25, of Union, hacked into the online account belonging to one of the owners of the P2P.com domain name. He allegedly shifted ownership to himself and resold the Web site address on eBay to professional basketball player Mark Madsen of the Los Angeles Clippers.

Goncalves faces felony charges of theft by unlawful taking or deception, identity theft, and computer theft. State police say each of the three counts carried a maximum sentence of 10 years. They expect a formal announcement with additional information Monday afternoon.

Goncalves, who did not respond to a reporter’s phone calls, is free on a $60,000 bond.

Wha?

Mark Madsen has $100K to spend on a domain name? Can someone help us with all this?

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