"you have transformed into evil
and lost all power of good."
^^ The and makes the syllables match a bit better, but I still think you should take it out. It would sound better, even though the syllables would be a good 3 or so apart.
Other than that one thing I like this poem. I believe a lot, and I mean a lot of people can relate to this, being a person they know, or themselves becoming the monster.