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‘Prof Carl’ and the failed 2025 investment scheme that preceded QVSE
A user tries to log in to the Quant Vest Stock Exchange (QVSE) App on September 14, 2026. The Capital Markets Authority (CMA) has blacklisted and warned the public against investing in QVSE, classifying it among illegal, unlicensed funds.
‘Carl Grindan’, the person behind QVSE, the doomed investment scheme that froze millions of shillings of Kenyans’ cash, also ran a similar scheme in Kenya last year, it has emerged.
Grindan ran the PCEX scheme under the Global Investment Group (GIG) banner, similar to QVSE. It also collapsed similarly, leaving Kenyans’ money trapped on the platform.
