The world’s second richest man wins case against cyber squatter

Mexican billionaire Carlos Slim has won control of a website address in his name after an Indonesia man had tried it to sell him for $55 million.

Mexican billionaire Carlos Slim has won control of a website address in his name after an Indonesia man had tried it to sell him for $55 million.

Slim, whose is ranked just behind Warren Buffet as the world’s second richest man with a fortune of around $68 billion, took action against Ahmad Rusli of Jakarta with the United Nations’ copyright agency, the World Intellectual Property Organsiation (WIPO).

According to Reuters, Rusli demanded $55 million to transfer the site, www.carlosslimhelu.com, to the businessman. Documents presented by Slim’s lawyers to WIPO showed that Rusli threatened to link the site to a pornographic website unless he got his money.

But Rusli, who operates a site called Rusli.Cyber.com, reportedly told the WIPO arbitrator by email that he wanted to protect the address for Slim and the threat was only designed to get the tycoon’s attention.

But the WIPO arbitrator ruled that the website had been registered in bad faith and must be transferred to Slim.

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