Fraud Allegations
In June 2004, claims were made that DMT had failed to deliver services. After an independent investigation as of August 2004 this was resolved with no indication of fraud on DMT's part (see last external link). However, independence of this investigation is disputed by some (see links below) and was not conducted by the appropriate authorities.
DMT stopped accepting inbound monetary transfers on October 10, 2004 due to abuse of the system by fraudsters via eBay 'passthough' scams.
The websites and related systems were shut down on June 24, 2005.
Read more about this topic: Digital Monetary Trust
Famous quotes containing the word fraud:
“There exists in a great part of the Northern people a gloomy diffidence in the moral character of the government. On the broaching of this question, as general expression of despondency, of disbelief that any good will accrue from a remonstrance on an act of fraud and robbery, appeared in those men to whom we naturally turn for aid and counsel. Will the American government steal? Will it lie? Will it kill?—We ask triumphantly.”
—Ralph Waldo Emerson (1803–1882)