you can't just create a new thread when people start posting information that you dislike. Need to fix the issues first and continue on with your original thread.
It is pointless trying to inform what is right and wrong to op since he clearly intends on creating more and more of these threads in order to lure in more and more users and scam them of their money.
It won't work due to the red trust rating. I personally reported a couple of his threads before as ponzi scams and they got deleted, but this guy is not willing to stop. Just keep reporting his threads and he will eventually stop.