Your assumptions is very valid, but the part that confuses me is the part where you said the person who bought it isn't capable of running it. No body in their right senses or frame of mind will spend a lot of money on something he or she can't run, and cant also get/hire professionals to run it for him or her, it makes no sense logically, believing that if indeed freebitco was sold, the buyer would have paid really heavy for it, money isn't easy to come by and people this days are very careful in choosing where they invest in order not to invest wrongly.

I initially suggested that the site might be running on autopilot, and so far, considering the current state of the site, I still might go with that assumption, though I think someone usually do come around from time to time to fix a few things and then go away again..