Withdrawals as "payments to employees" - LMAO!!!!
I arrived at this thread by coincidence and it caught my attention. It is a known scam in forex. It is a tripple scam between the company & the IB & the account manager. Ususally the IB rceives 500,000 usd from the client in cash, maybe client does not want to send money in his name. IB sends 100,000 to the company and company applies 400,000 bonus (non-sense bonus - makes no sense.). Then the trader loses everything. If he makes money, they do not pay him, as we saw here. When he loses everything, the company fixes the negative balance, removes the credit of 400,000, and pockets the 100,000. The Ib pocketed 400,000 cash.So you think that YAE was working with IH to withhold money owed to you, right?
Something else is very strange about this. Brokers offer various degrees of leverage. I've NEVER heard of a broker offering a credit other than a deposit bonus. $400,000 credit on a $100,000 deposit makes no sense at all.
It also doesn't make sense that YAE would try to cheat you. Sure, $25k is a lot of money for him to grab, but that was just for 2 weeks. Unless there was something about your trading style that didn't suit him, why wouldn't he just pay you and let you make more money for him?
Was the LPOA filed with the broker in advance? Can you post it here?