I'm on the fence and I voted for technical incompetence. But to be honest, I'm not sure. Something is going on over there and everyone is being kept in the dark on purpose. I think one day soon the website is just going to be down and its owners are going to be nowhere to be found.
I totally agree with your assessment it's only a matter of time while the site is still up they are getting ready to board on the next flight in the Caribbean or some where where they can spend those funds then they will come back and will set up another site with a different name and aliases this is how scammers works