Well, Famed, they did issue a subpoena today for that couple to go before a grand jury. Maybe they'll be lucky and that will be who was doing it.
I was talking to one of the professors the other day and he was saying what a big mess it is causing with testing and finals. Some teachers are debating just giving the students whatever grades they've already earned. That is good for those who were doing well, but not those who would still need to time to try to pull themselves up.
Okami- While that is probably what is happening, they have to take them all seriously. The worst case scenario would be that he's just trying to get people used to him crying wolf before he actually does something. I think most people assume it is someone being stupid, though. I think the award is up to $50,000 and the FBI have been working on it for a few weeks now. Unfortunately the guy is routing the emails through other countries.