My take on this:
My friend for 20 years approached me last year Aug, to introduce this.
I sensed a few red flags
The first was when i saw this

The “cycle” is 5 weeks. Every cycle the %ROI is double digits. This translates to more than 100% ROI in one year!
If this is compounded, everyone is a gazilionaire in no time.
But wait, I was told not “100%” of this 12-14% comes to me.
Reason, this is a copy trade. Like exam, u copy the answer of the smartest student in class. He marks A for Question 1, u follow A for Question 1. He gets 100 marks, u get 60 marks
Reason? 40% of your money need to be divided to pay others: 10% for fund managers & remaining to pour back into the commission system.

If I were the fund manager who generate 12% every 5weeks (from the data above), why would i wanna settle for 10% cut from all the hard work. I might as well invest myself using money that i borrow from banks
I can get 12% (even if u say 7%) per month, borrowing at 24% per annum would also make me very rich