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Kenya Insights·September 6, 2026 at 2:45 PM

Kenya Insights reports that QVSE, a crypto-stocks trading firm claiming ties to a New York exchange, was allegedly a pyramid scheme that defrauded more than 7,000 Kenyans, including teachers who took loans and traders who emptied their savings. According to the outlet, the firm's supposed US headquarters is a mail-drop in an Aurora, Colorado office block, registered three years after its claimed founding, run by an untraceable individual, and now blacklisted twice on two continents.

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cryptocurrencypyramid schemeKenyafraudQVSE

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