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  • Report:  #1168119

Complaint Review: Kelly Schnorenberg

Kelly Schnorenberg QS2/WealthSmart America Here he goes again! Denver Colorado

  • Reported By:
    folled4lasttime — Crestline California
  • Submitted:
    Thu, August 07, 2014
  • Updated:
    Mon, March 21, 2016

Here Kelly Schnorenberg goes again. First he raises money by questionable means for Hegemon Group International, takes the money raised and moves it to a company that he hides his ownership involvement in - Quantum Success Strategies. Once again raising millions through legally questionable means.

Now, with large number of investors demanding the guaranteed payback from Kelly/QS2 he suddenly starts another company WealhSmart America based in Colorado. It is not only the investors that are left hanging but dozens of QS2 associates that were promised stipends to help build the business area also stuck. Not to mention all those that left the company because he did not live up to the contract with them. I was one of those who received my first Stipend 6 months late and then had Kelly stop payment on it because he could not cover it.

In addition to that he has blamed the failure on part of the executive team that never controlled the finances and who were paid through money raised by Kelly and deposited into his LLC. 

Recently I talked to someone who has been induced to join his new company WealthSmart America after being warned over and over not to believe anything Kelly tells them. In a recent webinar Kelly was heard telling the webinar attendees that he was personally going to make all the notes given to his investors good. 

Of course anyone who would believe that needs to wake up. He is been running close to a P**** Scheme for a couple of years now.

If you are considering joining Kelly use the name of his new company to decide - be WealthSmart and run. There will be a time that severaly state AG offices and the SEC will lower the boom.

 

3 Updates & Rebuttals


You got that one wrong

#4Author of original report

Sun, March 20, 2016

Just for clarity sake. Kelly Schnorenberg, founder of QS2 and WSA was recently arrested in Colorado for 36 counts of securities fraud and millions of dollars converted to personal use. 


Kelly Schnorenberg Arrested For Securites Fraud

#4Author of original report

Sun, March 20, 2016

Kelly Schnorenberg, QS2/WSA founder,  was arrested and jailed in Douglas County jail in Colorado. 37 counts of securities fraud - one count of theft exceeding $1 million!

 

http://www.bizjournals.com/denver/blog/finance_etc/2016/03/lone-tree-man-accused-of-bilking-investors-out-of.html

 

Colorado man accused of taking $16 million from investors - Denver Business Journal
www.bizjournals.com
A Lone Tree man set up insurance companies and asked agents to solicit securities. None of them were licensed and the Lone Tree man has been arrested for securities fraud.


The Judge

Blaine,
Minnesota,
USA

(((redacted)))

#4General Comment

Thu, May 28, 2015

It sounds like you are a sour apple of that company & had a grudge against this person.  Stipends normally is paid for some kink of work.  If you were not paid, then you definitely did not perform the works or no results.  You listed a lot of bla bla bla about this person and company, but you listed NO constructive names of investors and employees.  If Kelly did not paid you, why didn't you take him to court or file a suit against the company?  I find it zero % to believe you.  (((redacted)))

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