Quantum Deception: A $2 Billion fraud built on fake products, fake revenue, and fake partnerships – Capybara Research
Capybara Research exposes Quantum Computing Inc. (QUBT) fraud: fabricated NASA partnerships, non-existent quantum tech, suspicious transactions, and misleading investors through fake product claims and revenue reporting.
Capybara Research has released a damning report on Quantum Computing Inc. (QUBT), alleging the company has systematically misled investors through fabricated products, non-existent partnerships, and fraudulent revenue claims. The investigation reveals QUBT's quantum computing technology is essentially "a glorified university project" with no commercial viability, while its touted NASA partnership amounts to just a minor $26,000 contract.
Stock info:
- Ticker: QUBT (NASDAQ)
- Position: Capybara Research is short QUBT shares
Why it matters:
- Former employees and executives confirm QUBT has no functional quantum products despite public claims of customer adoption and technological breakthroughs
- Company fabricated extensive NASA partnerships when only a single $26,000 "computer programming" contract exists
- QUBT engaged in suspicious transactions with related parties including Millionways Inc. and Quad M Solutions (a company with prior stock fraud connections)
- The "foundry" announced in September 2023 is merely a small R&D lab lacking essential facilities for commercial chip production
- Employee separation agreements contain clauses prohibiting communication with the SEC, suggesting deliberate concealment of fraudulent activities
- A former partner is suing QUBT, alleging completely fabricated revenue reporting
The big picture:
- QUBT CEO previously served as director for Quad M, a company with stock fraud history, creating undisclosed conflict of interest
- The company's claimed NASA relationship was debunked through direct confirmation from NASA officials
- A Memorandum of Understanding with Quad M in 2022 promising revenue generation per employee resulted in zero actual revenue
- QUBT announced acquiring a 5-acre site for a new foundry but never followed through on the purchase
- The company's separation agreements contain unusual clauses preventing former employees from speaking with the SEC
- Technical assessment reveals QUBT lacks basic infrastructure like cleanrooms required for quality chip production
FAQs:
What is Quantum Computing Inc. (QUBT)?
Quantum Computing Inc. is a NASDAQ-listed company claiming to develop quantum computing technology and products. According to Capybara Research, these claims are largely fraudulent, with no viable commercial products actually existing.
What evidence suggests QUBT is committing fraud?
The report cites testimonies from former employees, verification from NASA contradicting partnership claims, documentation of failed business deals presented as successes, and physical verification that QUBT's "foundry" is merely a small lab unsuitable for commercial production.
How did QUBT misrepresent its NASA relationship?
QUBT repeatedly issued press releases suggesting extensive NASA partnerships and contracts. In reality, NASA confirmed only a single $26,000 contract for generic computer programming services, with no substantive quantum computing relationship.
What are the red flags in QUBT's business deals?
The report identifies suspicious transactions with undisclosed related parties, including a $500,000 unsecured note with Millionways Inc. (connected to a QUBT founder) and a non-materialized MOU with Quad M Solutions, where QUBT's CEO previously served as director.
Why does Capybara Research believe QUBT stock will decline?
The researchers argue that QUBT's entire business is built on misrepresentations, with no viable products, legitimate partnerships, or genuine revenue streams. They suggest the stock is artificially inflated through deceptive press releases and will collapse when these fabrications are widely recognized.
What is the significance of QUBT's employee separation agreements?
These agreements reportedly contain clauses prohibiting former employees from communicating with the SEC, which Capybara Research interprets as an attempt to prevent regulatory scrutiny of potentially fraudulent activities.
Is QUBT's quantum computing technology legitimate?
According to former employees and technical assessments cited in the report, QUBT's technology is far less advanced than claimed, comparable to a university research project rather than a commercial-ready product.
Disclaimer
This summary is based on a report by Capybara Research. For the full, detailed analysis, please refer to the original source material: https://capybararesearch.com/reports/quantum-computing-inc-a-stock-promotion-with-fake-products-sales-and-partnerships/
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