The loss of 12,5 K is a nightmare.
But some things are not yet clear to me on this case.
For him to wipe out such a large account trading at 7.4 lots when he was authorized to trade at 0.3 lots is criminal.
Where does it say that he was authorized to trade at 0.3 lots ?
His initial lot-size is 0.02 lots. ( how much balance ? )
Please show evidence that he declared 0.3 lots to be the max lotsize.
Greg did not disclose the fact that he was going to use a martingale type approach during a trend where he would just keep doubling the base rate in a countertrend, nor did he offer any information in the setup video or FAQ regarding the recommended safe lot size to use and the recommended account size.
This is terrible. It reveals that he doesn´t care about customers, he just is interested in taking the money.
He just is dragging victims into his scheme without giving them the most basic and vital information about lotsize and account size.
Because of this serious point I will vote guilty because only a scammer and anti-social and pathologic character will set up a trap to unexperienced and desperate people like he has done.
But it is terrible from the other side of the coin too.
It shows that potential clients don´t have enough knowledge about Forex - or
they are blinded and their mind goes blank because of the huge profits he promises.
Calculating risk is one of the most basic things in forex.
From what you wrote, you either are a newbie or of not, the promised profits had wiped out your rational thinking.
Before you even thought of attaching the trade-copier he sent you, you should have
asked him about lot-size in relation to account size.
From this we see that criminal minds need victims who fall into their trap.
But I do not belong to those perverted people who blame the victims instead of
pointing to the criminals first.
If there were no criminals, there would be no victims, so the criminal is the one who needs to be blamed, not his victims.
This Greg has destroyed many clients lives.
He is guilty and should be brought before a judge. His stolen money should be arrested and distributed amongst his victims and he should go to jail.
Guilty.