Hoorah, strike back at these bastards! Domain squatters make me an angry, angry monkey.
Frankly I'm not all that surprised it's a "major" registrar either. It seems like a lot of the businesses involved in the web market are kind of crooked. This is probably because it being so relatively new still, it's less regulated than other areas. For example the FCC exists to deal with so-called "public" spectrum and assigning licensing for it, etc (let's leave FCC corruption aside for now, lol). I think there's a similar organization that deals with some aspects of the WWW, but being an international network it's more complicated than that, and said organization (or organizations?) are also less mature and well-understand than the FCC. Both are susceptible to corruption, but it just seems like it's less often pointed out online.