Stephen Michael Cohen

US businessman Gary Kremen has offered a US$50,000 reward for information leading to the arrest of Stephen Michael Cohen, whom a US court recently ruled had stolen the domain name 'sex.com' from Kremen and subsequently made millions of dollars from it. An arrest warrant was issued against Cohen on March 2, 2001 after he failed to turn over details relating to his assets. On April 3, 2001, Kremen was awarded $65 million against Cohen by a Federal Court in California.

A federal judge in California has appointed a receiver to take control of any assets of VP Bank (BVI) that were earned from a hard-core pornography web-site at www.sex.com.The Receivership Order, which was issued on February 2, 2001 against convicted felon Stephen Michael Cohen, also covers the assets of two BVI-registered IBCs and other Cohen-related entities.Receiver George C. Fisher, of Palo Alto, is permitted to "locate assets of Stephen Michael Cohen, Ocean Fund International Limited, Sand Man International Limited, VP Bank (BVI) Limited directly or indirectly related to the operation of the Internet domain name 'sex.com'," reads the Order.