Faiz M. Chowdhury, DTI Holdings, Inc., and Quantum Age Corporation

Date:

September 27, 2023

Type of alert:

Fraud  

The SEC charged Faiz M. Chowdhury, DTI Holdings, Inc., and Quantum Age Corporation with allegedly raising and misappropriating over $25 million from 50 investors. Investors were told they were investing in groundbreaking start-up companies; however, the funds were used for personal uses such as cash withdrawals, trips, and luxury items.

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