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, etc. It can really make you wonder in that moment if you truly know what you’re doing with finances or not. Even at my level.

In my case, with this particular instance, I didn’t lose a small amount of money either. When you lose a large amount of money to investment fraud, it impacts your life. You may have expenses related to the investment that are no longer covered because the money is gone and not coming in anymore. You may have been relying on it for income and now you have to either increase your income rapidly or lower your standard of living to offset the difference. It may have been retirement money and now you have to reset. It is not fun to experience or to see others experience.

The worst part in my opinion though is that most investors who lose money to fraud aren’t made whole. If the fraudster lost or spent the money, gets caught, goes to prison, etc. the likelihood of them paying investors back isn’t very high. The fact that the fraudster had such a low level of work ethic and creativity that they had to lie, steal, and cheat to make money in the first place is a sign you probably can’t rely on them to earn enough honestly to repay everyone they harmed. The government doesn’t really have the ability to repay everyone either, so that leaves those impacted by fraud at a loss that likely can’t be recovered.

As I’ve been rebuilding my own wealth and recovering from that experience, I started to see that there was a need here. I know plenty of people who were impacted by the same situation I was and my first instinct always is to help. So, I came up with the idea for an initiative called Fraud Free World. And I’m happy to announce that after plenty of work and research, it is coming to fruition!

The focus of Fraud Free World is on three things:

1. Prevention of fraud: The number one way to prevent fraud is to help train people more effectively on the topic of finances. With my background in finance and having been impacted by fraud myself, I know exactly what to look for. We are creating investors who can think for themselves and who know how to identify financial fraud.

2. Restoration of survivors: I don’t like the word “victim”. If you’ve lost money to fraud, I believe you’re a survivor. It isn’t easy and there are a lot of pieces to pick up. But Fraud Free World has a goal of helping financially restore those who have lost money to investment fraud.

3. Rehabilitation of fraudsters: Most fraudsters are charged and sentenced and part of this means they owe restitution. However, like I mentioned before, they aren’t necessarily strong at earning money honestly to help other people. That’s what landed them in the position they’re in in the first place. The other factor is that if they’re serving a prison sentence, they aren’t going to be able to generate money to pay back those they took advantage of and when they get out of prison, they aren’t the hottest prospect for a lucrative career where they can do so. Fraud Free World has researched a program that fraudsters can go through in prison that reshapes them and rehabilitates them so they can learn the values that will allow them to help pay back their victims and take responsibility for the damage they’ve done.

So far, I have personally donated almost $200,000 to the Fraud Free World initiative and I’ve structured my company Wealth DynamX to donate 5% of every dollar we earn towards this as well.

The structure I am using is called a Donor Advised Fund, which allows me and others to make tax-deductible donations that are held in trust. These tax-deductible donations can then be directed by the donor to buy assets and investments (I prefer things like precious metals and real estate), and those assets and investments can then be granted to a registered Charitable Foundation that will disburse them to replace the assets of those who were defrauded. Additionally, funds can be used to fund financial training campaigns to spread awareness and prevention. Lastly, donated funds can also be used to put fraudsters through the rehabilitation program with the agreement that if they do the program, Fraud Free World will help make their victims whole through the granting of assets.

So far, the Donor Advised Fund is done, and the next step is to build up enough in donations to purchase real estate and other assets with the donations. From there, the Charitable Foundation can be established, and those assets granted to it can be distributed to applicants who have been impacted by fraud.

I am very passionate about this initiative and my goal is to create a world that is so financially trained and able to think for themselves that fraudsters don’t stand a chance.

My belief is that the purpose of wealth is to use it to make the world a better place, and this is one of my ways of living that out.

If you’re also good person who wants to help make the world a better place and you’d like more information on the Fraud Free World initiative or you’d like to support it with me, send an email to my team with “Fraud Free World” in the subject line to Contact@WealthDynamX.com.

If you’re a follower and have not read my book The Blueprint to Financial Freedom yet, that is the place to start. This book covers the specifics for each level in the various chapters and you can grab the book for free as my gift.

Click here to get a copy!

The Blueprint to Financial Freedom by Jerry Fetta

To Purpose, Wealth & Freedom,

Jerry Fetta

Jerry Fetta is the CEO and Founder of Wealth DynamX. He is a nationally recognized financial expert featured in Forbes, Yahoo Finance, Fox, Chicago Weekly News, New York Finance, interviewed on 100+ podcasts with world renowned experts, earning endorsements and affiliations throughout his career with names like Kevin O’Leary, Grant Cardone, Dave Ramsey, and Pamela Yellen.

Jerry’s mission in life is to help create millions of financially educated and solvent families achieving greater financial freedom and sharing the truth about money with those around them.

Learn more at www.WealthDynamX.com

(DISCLAIMER: The information in this content should not be considered tax, financial, investment, or any kind of professional advice. Only a professional diagnosis of your specific situation can determine which strategies are appropriate for your needs. Wealth DynamX can and does not provide advice unless/until engaged by you.)