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Close to 735k Fraudulently Obtained IP Addresses Uncovered and Revoked

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Re: Close to 735k Fraudulently Obtained IP Addresses Uncovered and Revoked

#2
I always wondered if someone had created a biz for the purpose of hoarding IPv4 with intent to “sell them”. We talked about this kind of abuse back in the 90s when I worked for a hosting company. Part of my job was filling out ARIN templates and SWIP and all that nonsense. Justification was easy, but it occurred to me how easy it would be to fake requests and just pay the trivial fees. There were already some businesses buying up smaller companies for access to their old legacy allocations. Then the massive cloud build ours started and IP consumption became a real concern.

Re: Close to 735k Fraudulently Obtained IP Addresses Uncovered and Revoked

#3
Link Updated May 15, 2019: "Charleston Man and Business Indicted in Federal Court in Over $9M Fraud" — The indictment charges that, through this scheme, defendant obtained the rights to approximately 757,760 IP addresses, with a market value between $9,850,880.00 and $14,397,440.00."

Re: Close to 735k Fraudulently Obtained IP Addresses Uncovered and Revoked

#5
UPDATE May 15, 2019: "Charleston Man and Business Indicted in Federal Court in Over $9M Fraud" – United States Department of Justice issues a statement annoucing Amir Golestan, 36, of Charleston, and Micfo, LLC, were charged in federal court in a twenty-count indictment. The indictment charges twenty counts of wire fraud, with each count punishable by up to 20 years imprisonment.

Re: Close to 735k Fraudulently Obtained IP Addresses Uncovered and Revoked

#9
Is ARIN going to assign these to people who are waiting? I certainly haven't seen 2960 /24s being released. They have NOT announced anything like this. Maybe they will "transfer" them for $13 to $19 per IP with a third party facilitator?

Re: Close to 735k Fraudulently Obtained IP Addresses Uncovered and Revoked

#10

I've often wondered how much of the IPv4 address space is legacy allocations that are not at all being fully utilized. Perhaps the market for IPv4 addresses has worked this out, and anyone that has such an allocation has cashed in.

There are tons of legacy allocations from the 90's and earlier than are not being routed / utilized. Many are also assigned to defunct entities. To confirm this, you can poke around WHOIS a little bit. Because many of them actually predate ARIN's formation in 1997, they are considered "legacy" allocations and aren't charged a fee by ARIN unless the organization has opted into an agreement.
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