Is there a way for transactions to be tracked? And scammers like the owner to be arrested for financial fraud?
well, there are 744 posts by Nagadota (aka 'Tom') on this forum, but I doubt there are any clues to his identity there.
I also think CWM and BlockWake are the same team, and these are quite likely not their last 'projects'

You are correct. They have run at least three scam projects here. CWM and BlockWake are the same person.