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  1. Scam Investigations Committee

    Joined:
    Mar 2, 2008
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    249
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    We the members of the Scam Investigations Committee of the Forex Peace Army have deliberated on all the evidence available to us and have reached a conclusion. It is our opinion that...

    There was a dispute between our member WoodCrusher and Tony Awunor, owner of TradeOracle. WoodCrusher said that the software did not work for him and requested a refund. There were counter-accusations, and no money was returned.

    Since the TradeOracle website does not specify any sort of guarantee, this case fell into a gray area. We decided to allow FPA's members to participate in the decision to determine if this truly met the definition of scam. As part of this process, a poll was opened. Guests were allowed to vote. Halfway tough the polling period, a huge number of "Not Scam" votes came in in a very short time period. Research by our database administrators showed that a small number of compters were voting repeatedly. As a result of this, all Yes and No guest votes were removed from the poll so that only registered FPA members could vote. Both the owner of TradeOracle and Woodcrusher are registered FPA members, so both were entitled to vote. The final vote came to 72 in favor of scam, and 15 against. Thus, the vast majority of FPA members who voted consider this to be a scam.

    One of our alert members did point out that the TradeOracle website did specifically state: TradeOracle Pro is Developed specifically for you if ou are ready to try a winning system at no risk. The Committee finds that this does indeed imply a guarantee for the software, and denying a refund. Therefor, we find TradeOracle meets our 4th definition of scam - Serious deception in a company's advertising.

    We find that the attempt to fraudulently rig the vote meets our 5th definition of scam - Other behavior that would be considered to be highly unethical by a reasonable individual.

    We find that the owner of TradeOracle continuously attempted to delay our investigator with claims of being too busy, yet found time to leave a review that needed to have its language edited. He also had time to leave a number of posts in our forums insulting WoodCrusher and other FPA members. We consider his delays to be deliberate deceptions that are further evidence of unethical behavior.

    Thus, we as well as 82.76% of the FPA members who voted find TradeOracle to be a scam. We offer TradeOracle the chance to resolve this issue by returning Woodcrusher's 4500 Euros and implementing a reasonable guarantee or trial period for his software. If this is done, we will be willing to overlook the vote fraud as a one-time error in judgement.

    We extend our deepest sympathy to Woodcrusher and anyone else who feels they have been scammed by TradeOracle. We extend warm regards to Lt. Gerard for his efforts in this case as well as to all the FPA members who took the time to vote on this issue.

    TradeOracle is hereby blacklisted by the Forex Peace Army.

    We encourage our members not to do business with this company and to encourage their friends to do the same.


    The original complaint is here...
    http://www.forexpeacearmy.com/forex-forum/scam-alerts-folder/1896-tradeoracle-ch.html

    The poll thread is here...
    http://www.forexpeacearmy.com/forex...500-euros-no-refund-option-scam-not-scam.html
     

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