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I think this pig has now oinked its last oink. My investment was very small compared to yours, unfortunately it don't look good for any investors.
So am I right to conclude that this is a Ponzi scheme? Is it a right time for me to make a police report?

You go right ahead. I wish you nothing but luck with that. Everyone knew this was a scam from the start. Just look at the interest rates he promised. Anyways you're all screwed. Next time don't be so greedy.