Guys, I called MIT police and gave them the emails the dev pasted on the OP initially. They ran them through their system and they couldn't find any match.   

The screenshot below is what convinced me before but being that these email IDs are fake, there's surely a scam written all over this. Seems like the owner of the website is an MIT student but he used fake email IDs which is suspect. I bet those of you who lost a lot of money can open a case  with the MIT police on whoever registered that website. I barely lost anything so I wouldn't.

I encourage you guys to call the emergency number on the MIT police website to confirm. It would cost you less than a minute to confirm as I just spoke with them and I bet when they hear the email addresses they would give you a response immediately.