Created: March 4, 2025 • Updated: January 28, 2026
Paul Kaulesar
Florida
Paul Kaulesar’s $6.2 million fraud case underscores the importance of due diligence in investments. Investors must stay cautious to avoid similar scams.
1.2/5
Trust Score
Composite score based on public data signals and verifiability indicators.
2
Red Flags
The dossier on Paul Kaulesar has been compiled using publicly available sources including court records, regulatory filings, corporate registries, archived media reports, and other verifiable documents. Research is conducted in collaboration with journalists, OSINT analysts, researchers, and citizen contributors.
The information presented is provided for informational and research purposes only and does not constitute legal advice or a legal determination regarding Paul Kaulesar. We welcome credible evidence, corrections, or additional documentation that may help improve the accuracy and completeness of this record.
Paul Kaulesar is a real estate broker based in West Palm Beach, Florida, currently affiliated with OnCall Realty. While he has built a career in real estate, his past involvement in the precious metals industry has raised significant concerns. In 2014, the U.S. Commodity Futures Trading Commission (CFTC) charged Kaulesar and his company, Worth Asset Management, with fraudulent practices, leading to a substantial financial penalty and a permanent ban from trading.
CFTC Fraud Charges and Financial Penalties
In 2014, the CFTC ordered Kaulesar and Worth Asset Management to pay over $6.2 million in restitution and fines for operating a fraudulent precious metals scheme. The company solicited customers to invest in leveraged silver contracts without actually purchasing the metals, misrepresenting potential profits and failing to disclose the high risk of losses. As a result, the CFTC imposed a $1.565 million civil monetary penalty and restitution totaling $4.696 million, along with permanent trading and registration bans.
Misleading Marketing Practices
The promotional materials used by Worth Asset Management emphasized potential profits without adequately disclosing the risks involved. For instance, one advertisement claimed that a renowned analyst predicted silver prices would top $60 an ounce, without informing customers that at least 88% of them lost money on their investments.
Lack of Transparency and Oversight
Kaulesar and his company operated without the necessary registration with the CFTC, engaging in illegal off-exchange precious metals transactions. Instead of purchasing physical commodities, they aggregated customer funds and made book entries, lacking the transparency and regulatory oversight required for such financial activities.
Impact on Customers
The fraudulent activities led to significant financial losses for customers who were misled into believing they were making sound investments. The failure to deliver on the promised returns and the lack of actual commodity purchases left many investors with substantial financial setbacks.
Ongoing Reputational Concerns
Despite his current role in real estate, the past legal issues continue to affect Kaulesar’s professional reputation. The CFTC’s sanctions and the nature of the fraudulent activities raise questions about his business practices and ethical standards, potentially impacting client trust and business opportunities in his current endeavors.
Conclusion
Paul Kaulesar’s involvement in a fraudulent precious metals scheme has led to significant legal and reputational challenges. The CFTC’s sanctions and the nature of the misconduct raise concerns about his business practices and ethical standards. While he has transitioned into real estate, the lingering effects of his past actions may continue to influence his professional relationships and opportunities.
Compliance and Regulatory Intel for Paul Kaulesar
| Risk Category | Assessment Question | Status |
|---|---|---|
| Liabilities | Does have any significant outstanding liabilities that may pose financial risks? | Potentially No |
| Undisclosed Relations | Are there undisclosed business relationships or affiliations linked to ? | Not Known |
| Sanctions or Watchlist Matches | Is listed on any international sanctions or compliance watchlists? | Not Known |
| Criminal Record | Does have a record of criminal activity or related investigations? | Not Known |
| Civil Lawsuits | Are there civil lawsuits, past or present, involving ? | Definitely Yes |
| Regulatory Violations | Has faced regulatory violations or penalties? | Not Known |
| Bankruptcy History | Has filed for bankruptcy or been involved in any bankruptcy proceedings? | Possibly Yes |
| Adverse Media Mentions | Have there been significant adverse media mentions related to ? | Not Known |
| Negative Customer Reviews | Are there negative reviews or complaints from customers or clients about ? | Not Known |
| High-Risk Jurisdiction Exposure | Does operate within or have exposure to high-risk jurisdictions? | Not Known |
| Ongoing Investigations | Is currently subject to any ongoing investigations? | Definitely Yes |
| Fraud or Scam Allegations | Have there been fraud or scam allegations involving ? | Definitely Yes |
| Reputational Risk Incidents | Have there been incidents significantly impacting ’s reputation? | Possibly Yes |
| High-Risk Business Activities | Is engaged in any high-risk business activities? | Possibly Yes |
Our Research Methodology for Paul Kaulesar
Sources, verification, and research standards behind our reports.
Public Records Review
LegalObserver analyzes verifiable public records including court filings, regulatory disclosures, enforcement actions, corporate registries, and government databases. Each entry links to original documentation whenever possible to allow independent verification.
Court Filings & Litigation
We examine civil, criminal, and regulatory proceedings involving the subject. This includes lawsuits, judgments, settlements, injunctions, and other documented litigation history obtained from court databases and legal archives.
Corporate & Ownership Data
Corporate filings, director records, shareholder disclosures, and beneficial ownership data are reviewed to identify business affiliations, control structures, and related entities.
Regulatory & Compliance Records
We review enforcement notices, regulatory actions, sanctions listings, compliance warnings, and disciplinary records issued by financial, governmental, and professional authorities.
Media & Archive Research
Coverage from established news organizations, investigative journalism outlets, and archived publications is analyzed to document historical reporting and public narratives associated with the subject.
OSINT Intelligence
Open-source intelligence techniques are used to gather and cross-reference information from publicly accessible sources including corporate registries, official disclosures, archived webpages, and investigative databases.
Censorship & Takedown Monitoring
LegalObserver documents verified attempts to suppress or remove public information, including questionable copyright claims, takedown notices, or legal threats directed at publishers or archives.
Risk & Context Analysis
All verified information is evaluated for context and relevance. The goal is to present documented facts, legal developments, and historical records in a structured format that helps readers understand potential legal, reputational, or compliance risks.
Internet Archives and Screenshots – Paul Kaulesar
About us
- LegalObserver publishes investigative dossiers compiled from publicly available sources including court records, regulatory filings, corporate registries, and archived media reports.
- Our research is conducted in collaboration with journalists, OSINT analysts, researchers, and citizen contributors who review and cross-reference verifiable information.
- We publish information for research and public interest purposes and welcome credible evidence, corrections, or additional documentation that may improve the accuracy of our records.
Source of Information
- 1 cftc CFTC Orders Florida-based Worth Asset Management and its Owner, Paul L. Kaulesar, to pay over $6.2 Million in Restitution and a Fine for Multi-Million Dollar Fraudulent Precious Metals Scheme Retrieved 18/02/2014
- 2 sun-sentinel Royal Palm Beach man ordered to pay $6.2 million over precious metal scheme Retrieved 28/09/2021
- 3 palmbeachpost Royal Palm Beach man barred from commodities business, must pay $6.2 million Retrieved 18/02/2014
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A 15% commission fee while 88% of investors lost money This was never about profits just greed
Paul Kaulesar is just another fraudster in a suit, using flashy promises to lure in investors Now he’s forced to pay millions but that won’t undo the damage to those who lost their savings. If he’s involved in any financial business, people should steer clear
I trusted Worth Asset Management with my money, believing in their gold and silver investment opportunities. Turns out, it was all a scam! Kaulesar pocketed hefty commissions, pooled funds irresponsibly and left investors like me in financial ruin The worst part His name is still tied to other suspicious businesse
Paul Kaulesar scammed investors out of millions with fake gold and silver promises
Paul Kaulesar ran a textbook investment scam, using aggressive sales tactics to lure in unsuspecting investors He charged massive fees, misused funds and left 88% of his clients with losses. Now he’s paying millions in penalties, but the damage he caused can’t be undone