Back in August 2009 we reported that New Jersey state police has arrested Daniel Goncalves in the first ever arrest for domain name theft. More than a year later, Goncalves has plead guilty and will likely serve jail time.
Goncalves reportedly hacked into the email account of the P2P.com domain owner, then used the information found within the account to transfer P2P.com to himself. He then listed it for sale on eBay and eventually sold it to Mark Madsen, an LA Clippers player, for $111,000.
Goncalves pleaded guilty to theft by unlawful taking, theft by deception, and computer theft, all in the second degree, before Superior Court Judge Stuart L. Peim in Union County. The charges were contained in a Nov. 16, 2009 state grand jury indictment.
As part of his plea bargain, prosecutors are asking for him to serve five years in prison and be ordered to pay restitution. His sentencing is scheduled for May 6.