****med by Adam through Eklavya asset managers

Eklavya is a registered entity in SA. However, Monetagarde use their license to trade. The broker Adam, (? Banks) called me almost daily wanting me to invest more money. Even suggesting I draw money from my credit card and invest it through him. I began to feel Uneasy about the way they operated. Phones calls were from all over the world, yet they claimed to be South African. I was shown how to withdraw money from my portfolio at any time. But when I tried on 8th October Webtrader said i still had open positions and i could not withdraw my money. This after telling me I could withdraw whenever I needed and me instructing Adam on the 9th to close my account. Suddenly there were excuses and stalling and i was told to read the fine print on "our" contract - which I do not have. I was also advised that my portfolio was wiped out on the 10th due to the market crashing and I was left with$33. When I said I was reporting them to the FCSA, I received a call from Max and then their "manager" Thomas. Thomas proposed that They would deposit $10000 into my account until they could recoup my losses and then I could decide on whether to continue trading with them. But, I had to sign a waiver, which i refuse to do. It is my opinion that this is a Ponzi scheme which is destroying people's savings.