When the Going Gets Tough, the Guilty Run and Hide

When the Going Gets Tough, the Guilty Run and Hide

Last week I exposed the fraudulent activity of Dale Woods and revealed how he has been extracting money from unwitting newbies for years via his website theforexguy.com. His initial reaction to having his fraud uncovered was to try the classic con-artist defence of lies and misdirection but when that didn’t work he decided to do the next best thing… run and hide!

If you read the previous article then you will have seen how Dale Woods tried to respond to the facts I revealed about him by posting a lame attempt at a response on his private forum. He posted it there rather than on a public forum because he thought he would be able to control the flow of information. To control what was being said and to limit any more damage being done to him and his criminal activity.

But in an astonishing display of arrogance and stupidity he mistakenly assumed that all of his members would simply accept his nonsense responses as fact. After 3 pages of sycophantic adulation a few of his members started to ask some uncomfortable questions.

They started to ask him to explain about his pitiful live trading account and to show proof to dispute the facts that had come to light. There were at least two direct requests from members that had paid him $249 to see proof of a live trading account and give evidence that it was actually much higher than the $3000 like he was claiming it was.

I saw this unfolding and was intrigued to see what Mr. Woods would do. There was no way he was going to show proof because the couldn’t. His account is less than $3000 and his stupid attempt to claim otherwise was just a weak bluff. He was being called out and he had to do something decisive… so what did he do?

He closed the whole thread down!

Now for some reason his paying members seem to be willing to let that obvious attempt to avoid responding to the accusations to pass uncontested. I’m quite frankly amazed! If I were one of his members I would be livid and demanding some kind of response. It’s obvious what he’s trying to do and just goes to show the lack of character and morality of this sad individual.

theforexguy homepage

He’s been exposed as a liar, a cheat and a thief and he has absolutely no defence.

What You Can Do If You’ve Been Scammed

If you’re one of the victims of theforexguy.com scam and you paid within the last 45 days then the first thing you should do is to file a dispute with Pay Pal. As a multinational company, Pay Pal can not afford to be associated with scammers and fraudsters and you would win your claim instantly. You should file your complaint with a link to this site and point out that they are allowing a criminal to conduct fraud via their service.

If you fell victim to the scam and it has been longer than 45 days then you can do what others have done and file a criminal complaint to the NSW Police. You should file a complaint at The NSW Crimestoppers webite and let them know exactly how you’ve been defrauded. The Australian Police take matters of fraud very seriously and therefore it will only be a matter of time until Mr. Dale Woods finds himself behind bars.

Another option that is available to you is to file a scam complaint with the Australian watchdog, Scam Watch

They are more than happy to hear about scammers that are trying to cheat and defraud people and will act swiftly to close them down.

Dale Woods, aka ‘Graham Blackmore’, aka ‘The Forex Guy’ has committed a criminal act of fraud and seems to think that if he just buries his head in the sand, the storm will pass. He is so arrogant that he actually thinks that people will simply forget that they have been defrauded  and that he will be able to continue as before.

Please post a link to this site on as many forums and message boards as possible and help to ensure that his criminal is brought to justice. I for one am sick and tired of con-artists like this preying on novice traders and exploiting them.


  1. Hello. Very interesting site. I must say that doesn’t come as a surprise to me. I don’t think he’s the only con-artist though, all those guys who are all over the internet peddling ‘price action’ , andrew mitchem, johnathon fox and others are in the same boat. They don’t sound to me like real traders, but they seem to be able to impress gullible newbees. What can you do ? I guess they protect themselves with the fine print in terms&conditions. I have a section on my site about forex training scams but I can’t write about them in that section because they are a few steps above the ordinary scammers I cover in there. I guess one solution would be for people to do a little bit of due diligence before sending hundreds or thousands to these marketers masquerading as traders.

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