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Tobyclements Newsletter Valued Domain Names

  • 2793 Pine St

    2793 Pine St

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  • 1100 Broderick St

    1100 Broderick St

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  • 868 Turk St

    868 Turk St

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  • 420 Fell St

    420 Fell St

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Latest Updates

Wednesday, September 3, 2014

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Tuesday, June 17, 2014

Toby Clements Scammer ? What happened to him ?

It’s one of the more sad stories in Domain Investing since I’ve been around. When I came on the scene the Rick Latona/Toby Clements newsletter was THE place to sell your domain. If you got your name on the newsletter it was an honor. I soon learned that half of the team didn’t operate in a manner I felt comfortable. Rick sold one of my names at an auction and took three months to pay me. Always excuses, always a reason. Getting the name to me and transferring it to the new owner on the other hand was quick and efficient. Payment was not as quick.

When Toby and Rick split up I didn’t know the exact reason. I had my suspicions but wasn’t privy to the information. But I figured that it would be good for the newsletter. At the time, people liked Toby. He was the one that you went to if you needed answers. He seemed to be the workhorse of the team. At the conferences he was a mover and a shaker. Always bidding on big names and was part of some of the bigger transactions going on at the time. But then something happened. The newsletters started going out less frequently and rumors started spreading that payouts were starting to take a bit longer. There were even rumors of a Ponzi scheme. Allegedly using new sales to pay out old sales. None of this has ever been verified except the part that people were not getting paid.

On June 6th at the domain site Toronto Domainer, Eon wrote,

I sold a name via Toby Clements’ newsletter on Jan 23, Mike Bowden, his associate, confirmed having received the payment from buyer on Feb 6. I sent him the EPP code and whois record showed that the transfer was done on Feb 13. Since then I had big difficulty connecting to Clements or Bowden for my money, actually I get only 2 replies from Toby Clements to my dozens of messages.
In a message on March 13, he said he was terribly sorry for his silence, because he had some large accounting errors and was in the process of getting a bridge loan from his bank to solve the problem, and the loan should be in place in a few days, then he could use it to pay me. (later I found out at dnforum some other victims received similar replies.
On March 25, he wrote he had made a very large sale, which was expected closed out and paid by Friday. He would then be instructing to send the funds to me directly.
After that I got nothing. These two gentlemen evaporated like ghosts.
There have been many of these types of posts and comments on the forums. Too many for it to not be a real problem. Toby has been noticeably absent from all the domain conferences as well. In my opinion it’s not going to end well for anyone. Toby’s reputation is already gone and I can’t imagine that all the people that are owed money will be paid. I’ve never seen good results from someone that is waiting for a big sale to come through to help pay off debt. After dealing with many people that owe me money I’ve heard it all. And they’ve all gone through these exact same stages. Lack of communication and when it does come it’s always an excuse and an undefined timeline of payment. And the only time I ever get paid is when I pay to put a lien against their personal home. I have 100% payment when I either call the police for fraud or place a lien. But that’s for the people that are owed money to decide.

When I talk to people in the industry privately most tell me it comes as no surprise. I find it hard to believe that someone that did millions in sales was always a scammer. There had to be a lot of successful transactions to do as well as he did for as many years as he did. Something went wrong. What that is we’ll never know. We only know that someone that was at the top of mountain in our industry is now a liability. Andrew Rosener of Media Options has since taken over the role of the top independent broker. The man (or team) who you want to give the big name to. And in some ways I think that only speeded up Toby’s demise. Names started moving over to Andrew and gave Toby less inventory. Regardless of the reasons, the results are the same. Toby Clements has vanished. He owes people money. And nobody really wants to talk about it publicly because it’s such a mess legally and morally. And all of it is bad for our industry

Friday, June 13, 2014 value and retail price guide

Recently all domain investors are investing heavily on domains which has led to increase in the value of these 4 letter .com domains. It's simple demand and supply of the availability of these llll domains. Since all possible combinations of Llll are registered it's value has increased 40% in the last 5 months of 2014. In the 2013 domain sales traffic conference some domains were sold for $5000 . Ebay has been selling high end premium domains at resale prices. In this new era of new gtlds owing a .com domain is like owning gold or ferrari. If you have a pronounceable domain the value of it ranges from $50-$500,000 . It depends on the age and the combination of letters . A perfect CVCV domain like will cost around $3500 in today's market.
Ebay, Sedo, godaddy , flippa are auctioning expired or aged 4 domains .
If you have a it is valued around $5000 is valued around $1000 is valued around $800

So buy and own the gem of domains

Toby Clements the Scammer or a legit guy where in the world is he ?

It has been more than 5 months and there is no word on the whereabouts of toby clements. Many websites are claiming that he is a scammed lots of investors, owes them money. Where in the world is he hiding?.
Question of the day raised by one of my readers is: How much does Toby Clements owe to Domainers?

What got my attention was the following post on by member “redomainer” aka BILL
Originally Posted by redomainer (Click Here for the Source)
I’ve personally purchased a number of domains over the years that were listed on Toby Clements’ newsletter and never had an issue as a buyer. I’ve listed several quality domains with him and they didn’t sell, no big deal. Then early in 2014, I made an offer on a domain listed on the newsletter. We negotiated a bit and Toby told me we had a deal. When the deal didn’t come together, he claimed the seller reneged on the deal. I chalked it up to a seller that didn’t keep his word, but again, no big deal.
A couple of weeks later, I came across a different name on his newsletter, made an offer, and Toby said it was accepted. Mike Bowden, he works for Toby, sent the wiring instructions. Around February 21, 2014, I wired $3500 to Toby (I had done this several times in the past with no issues). I have yet to have the domain transferred to me. I e-mail Toby Clements and Mike Bowden about once a week. I’ve received a couple of e-mails referring to personal problems, will touch base with the seller, etc. About a week or two ago, I requested that the domain either be transferred to me or my money be refunded ASAP. No response and nearly no communication from either Toby or Mike. Earlier today I let them know that I’d have to begin legal action very soon.
I’ve been a fairly regular purchaser of domains from Toby, but Toby and Mike have lost any credibility with me and all trust. Given the lack of communication and no recent newsletters, my concern is my money has vanished. My recommendation is to avoid buying or selling via his newsletter, although I won’t be surprised if there’s never another newsletter. If anyone finds out what’s going on with Toby, please update the thread.
So according to Bill aka redomainer, not only did Toby Clements collect money for a domain name but has gone missing since the money was wired to him.
Brokering domain names and paying domain name owners months later is something Domainers need to avoid and that’s why in my Broker Agreement Contract I strictly enforce as the only method of payment!
Bill wired $3500 to Toby Clements and did not receive the domain name he was promised since February! That in my opinion needs an explanation.
Below is a quote from an email I received this morning:So how much does Toby Clements owe to the Domaining Community? If you’re a victim, please post a comment or email me in private.

Personally my last transaction with him was back in June 2013. I got paid in 1 month through paypal. I am not sure if anyone contacted him recently for listing any premium domains, if you do so please post a comment. Lets track toby .

His linkedin profile 

Thanks all !!

Monday, March 3, 2014

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Monday, June 24, 2013

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Monday, May 20, 2013

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