He didn't cheat, he accepted the final decision of the ref. He knew it was wrong, but so what? Do you really think David James would have done it differently? Do you really think you'd be applauding James if he did tell the ref and then we lost?
All of this is quite sad, we're out of the competition because throughout the whole tournament we were shite, not because of a dodgy decision because ultimately we were thrashed by a far superior TEAM.
I think I know what you're asking even though the title doesn't really make much sense. As others have pointed out, any goalkeeper would do the same, rather like this:-