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June 26. 2014 12:19PM

Patent invented by NH man earns troll who bought it $45M, but windfall may be ending

The TQP patent was invented by Michael Jones, a low-profile New Hampshire man who today runs JustStrings.com, an online store for stringed musical instruments. He created the 5,412,730 patent with his former employer, Telequip, which moved into the encrypted modem business in the late '80s but sold around 30 modems before that business line went bust. The patent sat dormant until 2008, when Jones met Spangenberg, a man who believed the pre-Web patent could be applied to modern websites.

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