A warning for everybody. And if you lost money what hope does an inexperienced first time buyer have?
It is long overdue for the introduction of strict and strong legislation to protect buyers and having severe penalties for miscreants including restitution. Public naming and shaming would be good. As well as a one strike policy. I.e. break the law once and forever be forbidden from working in any field where you have access to other people’s money.
I’m sure you felt the loss of $50,000 Jimmy. For many people it would be enough to tip them into permanent financial stress.