Who You Gonna Call, The Intenet Police?
tweetagewasteland.com
tweetagewasteland.com
It's strange to me that the registrar would acknowledge that a takeover had happened but wouldn't be able to fix it, unless the domains were transferred to another registrar. The article doesn't give any details, but if that's the case, the lesson there is not to give other people access to your account at that level (GoDaddy provides a feature to prevent exactly that situation: http://www.godaddy.com/account/accountexec.aspx).
(edit: I think there's a big part of the story we're missing here. Seriously, what company that claims to be a "new and promising internet business" outsources its engineering?)
All I can figure is that the consultants were the ones who purchased the domain and it was in their name. They built and hosted the site, and could change all passwords to everything. The service being built must have had an obscure name, not the official name of the company that had hired the contractors to build it so they couldn't even fax in identifying documents to GoDaddy to show claim to the domain and that it was their company.