The split between the founders of Registerfly.com, the leading domain name registrar, took a tawdry turn last week, as court documents filed by John Naruszewicz and Unifiednames, the corporation that owns Registerfly.com, made some shocking allegations against ousted CEO Kevin Medina.

The complaint seeks compensatory and punitive damages, and alleges that 75,000 domain names were lost in January 2007 alone due to failure to remit registry fees. The complaint goes on to accuse Medina of using corporate accounts as private slush funds, thereby failing to maintain sufficient float to cover registry fees.