Tom Dutta – Avoid Fraud by Digging Deeper Than the Traditional Due Diligence Process

BIO: Tom Dutta is an award-winning CEO, # 1 International best-selling author, TEDx speaker, and radio/film producer. STORY: Tom was drawn to his neighbors who had a huge house and two Corvettes. Out of curiosity about their wealth, Tom indulged them, and that’s how he and his wife got lured into investing in a Ponzi scheme. LEARNING: Due diligence is not enough; you must dig deeper. Trust your gut, and don’t fall for the shiny object syndrome.   “Get back into your analytical side and follow your gut.”Tom Dutta  Guest profilehttps://www.linkedin.com/in/tomdutta/ (Tom Dutta) is an award-winning CEO, #1 International best-selling author, TEDx speaker, and radio/film producer. Transforming leaders and companies worldwide, Tom believes real change starts at the top. He is dedicated to changing our view of mental health in the workplace by breaking the silence, telling his story of struggle, and being a leader by example. Worst investment everTom became a CEO at the age of 31 when he was newly wedded and with a baby. The responsibility came with a lot of travel, but he was well paid and could afford to give his young family a good life. Things start to shake upIn 2006 at the peak of Tom’s career, three significant events happened. His wife’s mom had a major medical setback, and his wife was now juggling work and taking care of her mom's recovery. Given that Tom’s career was flourishing, he suggested that his wife considers taking early retirement. And so she did. The curiously wealthy neighborsAt that time, Tom and his wife had moved into a nicer home, and their neighbors were seniors, 65 years old plus. They had this big backyard with a double-decker house and two Corvettes parked in the parking lot. One of the owners, a grey-haired man, was always gardening. Tom was very curious about what their secret to living such a good life was. One day Tom walked over and asked the man what he did for a living. He said they help people structure their finances. They got to know each other and even invited T