[arin-ppml] DRAFT POLICY ARIN-2011-1: GLOBALLY COORDINATED TRANSFER POLICY (Legacy space)

[William Herrin]

On Tue, Apr 12, 2011 at 3:45 PM, John Curran <jcurran at arin.net> wrote:
> On Apr 12, 2011, at 2:47 PM, George Herbert wrote:
>> A. Can a current legacy IP space owner / holder / whatever sell the IPs at all?
>
> An address registrant (legacy or ARIN-assigned) may transfer their IP space to any qualified recipient.
>
>> B. Can a current IP owner sell IPs to a speculator?
>
> It is unlikely that they would be a qualified recipient.


There's an interesting life insurance scam. The way it works is: a
stranger offers to buy your rich grandpa a life insurance policy. They
pay him $500k to get a $10M policy and loan him the money to make the
premiums. After two years, he can either return the money and pay off
the loan with interest, or he can sign over the insurance policy. At
which point they keep paying the premiums until he actually does die
and then collect the $10M.

Ethically dubious. Legally sound.


So, the IP speculator pays you to provide him with the requisite
background documents and the required signed transfer letters with the
recipient blank. If it's under RSA, he'll even keep up with the ARIN
payments. When he finds a buyer, he shepherds them through the ARIN
qualification process, fills in the name and files the forms on your
behalf. Unless it's another speculator in which case he just hands
over all the paperwork.

As a practical matter, can a legacy registrant sell their IP's to a
speculator? Yes. Yes, they can. The speculator just has to be a little
crafty about it.

Regards,
Bill Herrin



-- 
William D. Herrin ................ herrin at dirtside.com  bill at herrin.us
3005 Crane Dr. ...................... Web: <http://bill.herrin.us/>
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