More legal trouble for Bentonville businessman facing multiple lawsuits
In April, Today in Fort Smith ran a story regarding the arrest of Adam J. Kuettel from Benton County.
According to the records of the Centerton Police Department, on March 30, 2020, police were dispatched to Keswick Drive for a reported male carrying an assault weapon with a suppressor.
A neighbor reported that Kuettel was banging on his door looking for his “spouse" and also reported that Kuettel appeared to be intoxicated.
The neighbor turned over video footage from a security camera to police. This footage shows Kuettel carrying an AR-15 rifle with the suppressor cradled in his left arm “at the ready.” Due to the COVID-19 pandemic, Kuettel’s hearing on this matter has been pushed out to June 15. However, his troubles have increased exponentially since that time.
On April 13, a lawsuit was filed against Adam Kuettel and Kuettel Capital. According to their website, Kuettel Capital is “an investment advisory firm with a global reach that is based in Bentonville, Arkansas.”
The lawsuit, filed by Anthony and Maria Cardarelli, accuses Kuettel Capital of: Breach of Fiduciary Duties Investment Advisors Act of 1940; Breach of Duties Rules of the Arkansas Securities Commissioner; Breach of Contract; Deceit; Negligence; Arkansas Deceptive Trade Practices Act; Civil Conspiracy; and demands punitive damages.
Kuettel Capital failed to answer the lawsuit in a timely manner – or at all, and the Caradrelli’s were granted a Summary Judgment by the Honorable John R. Scott, Circuit Judge on May 20th, 2020.
However, before the ink had even dried on the first lawsuit filed against Kuttel and his company, Infinity Worlds, Inc. filed suit on April 28th, 2020 for Negligence and Breach of Fiduciary Duties.
The next day, Kuettel’s ex-wife was granted an order of protection and a hearing has been set for June 2, 2020 in that matter.
Then, on May 1st, 2020, EOS Group LLC, Stark Family Trust, and Thomas Stark filed their own suit against Kuettel Capital for Negligence and Breach of Fiduciary Duties.
It gets worse for Kuettel. Much worse.
On May 12th, Terri Miller and 4M Design resources filed their own suit against Kuettel and Kuettel Capital. In their suit, they accuse Kuettel of Breach of Fiduciary Duty, Negligence, Breach of Contract, and Obtaining Money by False Pretenses.
Fourteen days later, on May 28th, Pel Industries, Inc., The Dubbell-Kammerling Revocable Trust, Christopher Del Dubbell and Kristin Diane Kaemmerling filed yet another suit against Kuttel and Kuettel Capital. Causes of action include: Negligence and Breach of Fiduciary Duties.
Sources tell us that Kuettel was admitted to an out of state substance abuse addiction recovery program.
Calls and emails to both Adam Kuettel and Kuettel Capital, like his lawsuits, remain unanswered.