RALEIGH, N.C. – Web developer George Huger says he turned $5 into $35,000 when he bought the expired Internet domain name for former President George W. Bush's presidential library and then sold it back.
The News & Observer of Raleigh reports Tuesday that Huger was searching through a list of expiring domain names two years ago when he noticed the Web address http://www.GeorgeWBushLibrary.com was about to expire.
He bought the rights for $5, then sat on them for two years.
Huger says he recently sold them for $35,000 to Florida-based Yuma Solutions, which the Bush Library Foundation says is in charge of Web site care. Company owner Mark Mills didn't return the newspaper's calls.
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