If true and the site owner has switched it off, its a shame that the users, subscribers and donators weren't even afforded a courtesy mass e-mail to let them know of his intentions.
The users gave the E-Goat website money, only for the website to disappear? I would not be happy if I was in the donators shoes.
Almost as scandalous as when the board of directors of Bradford Rugby League got into debt and asked the gullible fans to donate "to the club". Few months later, the directors exit stage left and what is left of the real club was abandoned still in difficulty. Apparently the players ha not been paid in months and the club had to cut the steel safety barriers in the stands and sell them for scrap metal.