The Bizarre Story Of The Quantum Age Corp

TL;DR

Bangladeshi fraudster Faz Chowdery raised $26 million over five years through fake quantum-tech companies built entirely on fabricated credentials and buzzword-laden lies.

Key Points

• 1.Chowdery built QAC on shameless buzzword abuse and fictional credentials. He claimed to pioneer a 'quantum age' spanning EVs, fintech, and medicine—none related to quantum computing—while falsely claiming degrees from UC Berkeley, Stanford, MIT, Harvard, and Johns Hopkins.
• 2.The fraud began as Disruptive Technology Innovations (DTI) in 2016, rebranding to QAC in 2019 to reset and target fresh investors. Chowdery even falsely claimed to be the original inventor of graphene, despite the Nobel Prize for that discovery going to two University of Manchester professors in 2004.
• 3.MIT professor Ian Hunter gave Chowdery dangerous legitimacy. Hunter hired him at Indigo Technologies, discovered his fake PhD in 2016, yet still accepted a $300,000 consulting contract to promote DTI—making it far easier to solicit wealthy investors.
• 4.From 2018–2023, DTI and QAC raised $26.4 million from just 50 high-net-worth investors averaging $500,000 each. Only $6.6 million went to real operating expenses; the rest was misappropriated through shell companies, luxury spending, and $2.1 million withdrawn from casino ATMs in Las Vegas and Lake Tahoe.
• 5.The SEC filed civil fraud charges in September 2023, freezing nearly empty accounts with $7 million still unaccounted for. No criminal charges have been filed; Chowdery denies wrongdoing, remains free, and was documented losing $56,000 at the Venetian casino in early 2025.
• 6.Chowdery appears to be launching a new scheme under 'Graphine Valley Corporation.' He created a Medium profile in March 2026 and built a bare-bones website, using near-identical vague sustainability language with no mention of DTI or QAC in his new bio.