Tech Company accused of swiping numeric internet addresses

A South Carolina technology company and its leader have been indicted on charges that they engaged in wire fraud. The Post and Courier of Charleston reports that Micfo LLC and its CEO, Amir Golestan were indicted last week in federal court. The Justice Department says they created a company that claimed to consist of several businesses, then created fake executives and websites to get the American Registry for Internet Numbers to release the rights to about 758,000 numeric online addresses. The indictment says some of those IP addresses were sold for a total of $1.85 million. Authorities say many of those addresses went to spammers.