Marked as
Last updated - March 30, 2026
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In addition to the $30 million in punitive damages, the jury’s decision reflected the severity and intentional nature of the misconduct involved in the fraudulent commodity futures scheme. Evidence presented during trial showed that investors were misled through falsified profit reports and fabricated account statements that concealed substantial losses. The scheme caused significant financial harm to multiple victims who relied...
Owner
Medium Risk
Based on the available data, we suggest consumers approach this Company with caution.
This advisory is based on a medium-risk score derived from OSINT, Adverse Media, Reviews, and Risk Factors identified in our research.
You may face moderate risks when engaging in consumer-related activities with this entity.
Based on the available data, we advise employees to be mindful when considering or continuing work with this Company.
This advisory stems from a medium-risk score compiled from OSINT, Adverse Media, Reviews, and Risk Factors uncovered in our analysis.
Employment with this entity may involve moderate risks.
Based on the available data, we recommend investors and bankers proceed with caution regarding this Company.
This advisory is informed by a medium-risk score based on OSINT, Adverse Media, Reviews, and Risk Factors identified through our investigation.
Financial involvement with this entity may carry moderate risks to your interests.
Safe to Onboard
Enhanced Due Diligence required
Do Not Onboard
Monitor adverse media every 6 months
File SAR (Suspicious Activity Report) is warranted
Escalation to compliance committee
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The firm was charged by U.S. regulators for operating a commodity futures fraud involving deceptive investment practices.
Regulators stated that false account statements and fabricated trading results were issued to clients.
Court actions resulted in injunctions, monetary penalties, and restitution orders related to investor losses.
Federal regulators (the CFTC) obtained a court order requiring the company to pay restitution and civil penalties for operating a fraudulent commodity futures scheme.
False documents showing fake gains were sent to clients, obscuring real trading losses.
Q Wealth Management operated as an unregistered commodity trading adviser, which violated regulatory requirements.
Regulatory and Compliance Screening
Litigation and Legal Proceedings
Reputational and Adverse Media Risks
Geographic and Jurisdictional Risk
What you see here scratches the surface
We offer reward for actionable intel
CFTC charged Q Wealth Management Inc. and its principal with operating a $5.3M commodity futures fraud, alleging misrepresentation, misappropriation,
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Court orders Q Wealth Management Inc. to pay $3.6M restitution and $1.5M penalty for running a fraudulent commodity futures Ponzi scheme.
Q Wealth Management Inc. operated a fraudulent commodity futures scheme, issued fake statements to investors, and faces restitution and penalties for
Federal court ordered Q Wealth Management Inc. and Eric Schmickle to pay over $5M restitution and penalties for running a fraudulent commodity futures
Wisconsin man behind Q Wealth Management ran a $5.3M Ponzi-style commodity scheme, duping investors including family, and was ordered to pay $5M+ pena
Other Red-Flags and Adverse News
Based on user engagement on this review profile, ProConsumer will decide to publish its Risk Audit report for public if a threshold engagement, traffic and user input is achieved.
Known Assets: [Real estate, investments, companies]
Suspicious Transactions
Liabilities: [Bankruptcies, defaults, debts]
Wealth Sources: [Legitimate / Unclear / High-risk]
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Business Model Assessment
All comments are user-generated content and may not be verified. They represent the personal opinions of the public and should not be relied upon. These comments do not influence or determine our overall rating.
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Highly experienced
Well-recognized name
Faced allegations of scamming others
Allegedly sold fake silver
Sued multiple times
Unregulated industry
Alarming number of complaints online
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The company was charged by regulators, faced court action, and was ordered to pay millions in restitution and penalties. That means the case was not just an allegation but actually proven in court. This kind of legal history is very serious for any finance or investment company and should not be ignored by potential investors.
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Seeing regulatory action, court penalties, and Ponzi scheme references in the same profile does not create a positive image. Even if the company is still operating, the past legal issues are very serious.
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