In a bizarre twist of events. A multi-billion dollar American real estate information company named CoStar launched a private sting operation in the Philippines suspecting a competitor had stolen massive amounts of data.
They were right. The foreign owned Xceligent had stolen millions of dollars’ worth of Intellectual Property from CoStar, but that’s not all they found. They uncovered much more than real estate data, they discovered a worldwide web of child pornography, prostitution and human trafficking.
According to an NBC News report CoStar, who runs Apartments.com was allegedly the victim of organized theft. They employ thousands of Americans, and they invest more than $150 million every year into new research, data, intellectual property to keep their site relevant to its customers who make their living in the various aspects of America’s real estate and development market.
Xceligent is a direct competitor to CoStar, and they are owned by a
