iGenius has acquired a securities fraud warning from Quebec, Canada.
As per the Autorite des Marches Financiers’ April 2022 warning;
iGenius LLC shouldn’t be registered with the AMF and isn’t approved to solicit traders in Québec.
iGenius operates from 5 cited web site domains:
- igeniusglobal.com
- igenius.biz
- igeniusmarket.com (defunct)
- tpacademyglobal.com (defunct)
- investview.com
Underneath Quebec legislation, corporations providing passive returns by funding schemes should be registered. Failing to register with the AMF constitutes securities fraud.
The AMF cites iGenius’ former enterprise identify, Kuvera LLC, in addition to father or mother firm Investview. Investview renamed Kuvera International to iGenius after a commodities fraud superb from the CFTC in 2018.
iGenius’ authentic enterprise mannequin noticed the corporate supply passive returns by a purported partnership with EndoTech.
This prompted an investigation by the SEC, which as of Could 2024 stays ongoing.
iGenius in the meantime has doubled down on securities fraud. In July iGenius introduced a partnership with CoinRule, by which passive returns are supplied by way of “automated buying and selling”.