There have been so many accusations and counter-accusations on the subject matter of fraud so many players have come out with evidence of scams against some sites while the operator of those sites come up with counter-accusations that players violated their T&C.
I think it will be proper if an online accredited court is set up to judge such cases, rather than leaving them uncensored.
Where does the funding come from?
Who will be the enforcer?
There are simply way too many legal and logistical overheads for this idea to work, imho. The best that we can do in this direction is really industry self-regulation, which is probably not necessarily the best thing.
What you've asked is already given in the second page and here i will quote for you ,
And where would this online court be operating from? Who are the judges answerable to? Who will pay them? Who will select them? From which particular law does its existence spring forth?
Those valid question is indeed the most important of this initiative , i truly support the Idea as i have some friends that becomes a victim in the past and there are many more happening now , they have nowhere to go in filing cases .