His problem was that he bought the domain name and sat on it. He should have made a simple website showing pictures of Lamborghinis and registered the name to that website.
Bingo. That would have threaded the needle as to anti-cybersquatting laws and regulations.
Yes!
In the early days of the web, someone AMD.COM, and wanted more money than the processor/video card wanted to pay. He used the site to sell fake cat poop, complete with pictures. It was up for years. I suspect he got some money.