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Jerry Fetta and Wealth DynamX Are Creating a Fraud Free World
In 2023, 1 in 4 Americans lost money to a scams or fraud.
The total amount of money lost to fraud was over $10 billion last year alone, according to the Federal Trade Commission.
I don’t know if you’ve lost money to fraud, but I have and it’s not fun.
If you’ve not read my book The Man in The Arena, it tells the story of how a few years back, I invested in a trading fund operated by my childhood best friend, who duped me over 130+ other investors out of more than $30 million. This included some very sophisticated investment funds that did business with him and as an Accredited Investor myself, it was not obvious that he was defrauding me and the other investors at all.
As I started researching investment fraud, I realized that it is a growing problem here in the U.S. and that’s where I first saw that stat of $10 billion.
Seeing and experiencing the after-effects of being scammed like this is quite something. It starts with disbelief and then quickly becomes anger — at first, at the person who did it and anyone else involved. For me, it then became self-doubt. I knew that nobody put a gun to my head and made me invest. I wasn’t lied to or tricked into investing. I looked at it, read all of the paperwork, signed my name, wired the money…