That's certainly suspicious. Will do, it would help if several other people alert them also.

I have already contacted the related companies/authorities, we have some of his details already so it's much easier to do so. If you were scammed, please do the same. The total amount he has stolen is in no way insignificant so let's end him. I personally did not invest all that much so it's not important to me if I get my money refunded but I know several others put in a lot ($1000+). He cannot get away with this.

^Seems like you know him? Otherwise it's solid. Suggest legal action against him. He cannot get away with this.

Thanks for the info. Find the whole thing a little daunting.