I meant to post on this subject last week when I saw the original story. Despite the end result, it points to some deep-seated problem with online courses, like how valuable are they and did the student actually take them?
From Inside Higher Ed:
Inside Higher Ed received a call Tuesday from someone claiming to be the site’s owner. The caller, Kevin, who declined to give his last name, said the site was not all that lucrative and with the added attention garnered last week, he decided to take it down. He added that he does not think sites like We Take Your Class are a problem; the problem, he believes, is that education is structured in a way that makes it easy to cheat.