GlobalForexEducators.com Review

Is there any help to recoup money ($5000+AUD) which I paid to a certain Derek Clyde of Income Solutions and the Global Forex Educators for training that they claim would be earned back within 6 months? The reviews I've just read from Okoli of Nogeria and Russell Haynes of the UK are very similar to my own experience. Can these people be taken before a US regulatory body and held responsible?

FPA Review Moderation Team Note: You could try contacting CFTC.gov and IC3.gov to see if there's anything they could do.

Dear Sir,
GLOBAL FOREX EDUCATION FRAUD
I entered into Forex transaction by correspondence Sometimes in June 2011. (however blindly because I never knew that was what it was going to be) I received a call from one Mr Jerry (Who called me through telephone No. +14356271825 from GLOBAL FOREX EDUCATORS. He informed me of their wonderful program that makes an intending Forex Trader spend less than 12 hours every week and make reasonable profit, and that they were willing to take a few people along and practically show them the way to trade, which in his words they were literally going to take one by the hand for a whole year for an amount he considered a token, $1600. Then I requested for two weeks to think about his proposal and possibly raise the money. Ten days later I was unable to raise the money and then the following week I got yet another call from another man who introduced himself this time as Craig, he identified himself as the manager of GFE (GLOBAL FOREX EDUCATORS) that he decided on his own to call me just to help me with the program. Based on that, I decided to sell my car in order to raise the money because of the many wonderful opportunities he made me see if I could raise the money. I procured a credit card and gave them the details based on trust (but I never knew I was dealing with wolves in sheep clothing) and my account was debited between the 9th & 10th of June 2011 to the tune of $1594.8 and then after, I got a call from Craig and he gave a lady the phone to speak with me and whom most of her speech I could not understand but then when eventually I managed to understand her, I became apprehensive when she gave me a condition that if after three days of enrolment they would not refund my money. They tried to discourage me though, But after much thought over it I decided to act before it became too late and I called them on the second day, sent them mails that I was no longer interested in the stuff, I received yet another call from one Todd Stowe who persuaded me to continue, but when he observed that I was determined to quit, he then offered me a money back Guarantee, (a copy of which is attached) he said that I should print it out, sign and send it back to him . After sending my signed copy of the letter of refund to Mr. Todd, he assigned me a teacher who took me only for four sessions of not more than 45mins each and at the end of the 4th session he told me my session was over and ever since then, all my effort to contact Mr. Todd has not been fruitful. He has refused to pick up my calls nor reply my mails It is based on this that I respectfully seek your intervention on this matter to help me recover my money from this people. I am an average struggling man, and have lived honestly and truthfully with others and I wonder why this will happen to me. I have a family and an aged mother to take care of and in my quest for a better means of livelihood; I have ended up in the lions den. Please sir use the good will of your Noble office and help me.

I wanted to raise my immediate concerns about www.globalforexeducators.com or Global Forex Educators (GFD)
I received a call after answering an advert for a beta tester via Wallstreet Cloner members area.
I received a call from Derek Clyde on a blocked number, later i was passed to 'Chris' who called me back on +43 5627 1825 (I make that as Austria?) But they claimed they were from Utah, USA.
They wanted to 'evaluate' and filter me as a beta tester for a new service they are offering ... to take part in one on one training, education and a weekly call to view a traders live trades and discuss training.
They would train me in how to use the 3 C's -
1) Conservative
2) Consistent
3) Compound
where Derek then talked about how they would do it -
1) One on one, once a week for 45 mins to an hour with a live trader to watch his trades, ask questions and discuss the learning material. Using a Live Classroom, Website and a 300 page manual. This is the 'Proactive' phase.
2) Knowledge / Training.
3C's, Fundamental training, technical analysis etc etc
3) Reactive ... Using my 'New found Knowledge' to made steady income

My concerns came when they wanted £3400 (GBP) for the privilege. I asked how they could charge me to Beta test and they stated, because they were in USA, it was to cover the 'subsidised fees' to the professional traders AND that the USA must see a payment for a product or it breach "truth and advertising laws" ??

So they talked about compounding etc and how it can make a profit over a period of time and all information you can find on the internet. How it could change my life etc etc

I've heard it all before. Anyone in the FOREX knows what fundamental analysis, privet points and announcements are, which were the only real things they offered.

What really made me suspicious was how it was all about the money. £3400 to change my life, to get the trading and training that no one else offers.
After i was 'invited' to join the program, i wanted to have a think!
He kept saying it was guaranteed by him and the FTC (Federal Trading Commission) ... that it would be put on a credit card and that way i am protected! and that they wanted "Decision Makers"

They claimed the Guarantee would be 'recorded' and i'd get that in an email.
That my money was safe because i was guaranteed and that it was on my credit card... so if it was a scam, they'd just pay out (which they wont!)

When i said no ... Derek wasn't happy! His voice and tone changed and he became very insistent and patronising about my decision. He tried to talk me into it for about 2 minutes, but i stood on ... Telling him his Guarantee was worth nothing at the moment and anyone (including me) can build a site in 5 minutes)

Surly if you truly believed in the product, its my loss, not his.

He ended up slamming the phone down on me when i pointed out, he was a voice on the end of a phone.

**His guarantee was spoken words and he'd make his money even if my credit card covered the debt.

My father told me this ... "If you'd have received an email with all the information, you'd have deleted it!"

The more i think about it, it seems to be cleaver marketing / sales with key words and buzz words to make me "Make a positive Decision" all the way through to agree to the sale...
Using their 4 Commitments
1) Time 2) Decision makers 3) Investment in education 4) Knowledge
To make you believe you are a Decision Maker... It was cleaver marketing and sales .. which almost got me! But the £3400 was the thing that lost it!

I think people should be warned ... whilst i was 'guaranteed' to be trained until i got my investment back ... why be so rude if you truly believe in your product and service ?? A voice on the end of the phone couldn’t guarantee anything, nothing tangible was offered at all except a lot of talk which is freely available over the internet via any site.

I would avoid this company ... For the simple fact they were angry when i refused. If i am the one losing out, why be so rude and annoyed? Its my loss ... not yours! I'm sure someone will step into my place!