Paul Potts domain name on sale on EBay

I saw Paul Potts domain name on sale on Ebay.
It's - PaulPotts(dot)me(dot)uk
It's on sale for about $10K

Yikes... so, what can I do with that domain name?
Can I pretend to be Paul Potts?
Can I pretend to be yet another Paul Potts Official website?
Above practices are practically illegal (not to mention it's unethical)

So, the only thing I can do is to squat on it until I sell it to somebody (just like the current owner's doing).

One more thing.
If Mr. Paul Potts decides to sue me for cybersquatting, I really don't have a case against him. Some people name their pets after their domain names and such... it doesn't work.

The latest case I remember is the Actor Kevin Spacey taking a domain name away from a squatter. It was not even a correct spelling.