The above is entirely accurate. To spare others who might make the same or similar mistake, you might want to describe how you were enticed into the predicament.
For instance, you mention a "moderator" of a web board or forum. Which board or forum and what was the pitch? Did you check the pitch in any way before committing your money and, if so, what did you learn? Where did you send your money?
Anything along the above lines might help educate ET readers and save them the tuition you've apparently paid.
