Cybersquatting a big no no
I am writing today to warn my friends here at WA about the DANGERS of CYBERSQUATTING for profit.A close friend of mine thought that he could make money by buying domains with names like Bank of England,Citybank or MGM,just for example and was just going to park them and when one of these companies whated that domain he would make a fortune. That used to be the story but the Laws have changed and he has created a website about his mistake and you can veiw it for yourself check this out
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Thanks for the information. I have seen people registering company XYZsucks.com and then trying to get companies to buy the domain name. It could really cause lots of legal troubles if people try this tactic. Not worth it just to get a huge settlement from a company. They will either sue you or bribe you. Chances are they will try to threaten you in order to get what they want from you.
Your welcome and yes this kind of speculating can get you in serious trouble.Its kinda like the Gold Rush Days of Old.