Kenyans are reportedly losing millions to the Quant Vest Stock Exchange (QVSE), an online trading platform that promised high profits. The scheme was promoted by an individual known as ‘Prof Carl’ or ‘Professor Carl Grindan’.

• Investors are unable to withdraw their funds and face admonishment for raising concerns.
• The scheme operated through local agents who recruited various individuals, including teachers and small-scale traders.
• The promise was to turn small investments into substantial profits within months.