Following an investigation that started in 2023, iGenius has acquired a securities fraud warning from Poland’s Workplace of Competitors and Shopper Safety (UOKiK).
On March fifth, 2025 UOKIK revealed the findings of its iGenius investigation;
[iGenius] affords academic packages, amongst others, to customers who’re customers of the web site.
Within the opinion of the President of the UOKiK, the tutorial worth of those packages isn’t obvious.
These packages are used solely to construct a distribution construction consisting in establishing, operating and selling a pyramid-type promotional system, which in flip constitutes a prohibited unfair market apply referred to in Artwork. 7 level 14 of the Act of 23 August 2007 on Counteracting Unfair Market Practices (Journal of Legal guidelines of 2023, merchandise 845).
Within the opinion of the President of the Workplace, the essential pillar of the Firm’s exercise is the so-called “associates program” performed inside the [iGenius] platform.
Its assumption is that customers obtain materials advantages not in reference to the provided providers or coaching merchandise, however in reference to constructing and sustaining a consumer construction , the existence of which relies upon solely on introducing new customers to the system, and never on the sale or consumption of merchandise.
The precise purpose of the Firm’s exercise is to ask new folks to the venture, and thus guarantee a relentless influx of funds to assist the associates program.
Along with working illegally as per Polish legislation, UOKiK warns iGenius’ pyramid scheme “might threaten the monetary pursuits” of customers.
The collapse of a pyramid-type system happens when there is no such thing as a influx of recent members to the system, on account of which the Entrepreneur now not has sufficient cash to pay present members the promised income and returns on funds invested in this system.
At this level, most buyers, particularly these from decrease ranges, lose the cash invested in this system.
iGenius is owned by Investview. The scheme is headed up by President Chad Garner (proper), additionally President of Investview.
iGenius is the third iteration of a long-running fraudulent funding scheme run by Investview.
The unique scheme was Wealth Turbines, launched in 2013. Investview rebooted Wealth Turbines as Kuvera World, upon studying the scheme was underneath CFTC investigation circa 2017.
The CFTC would go on to effective Investview $150,000 for Wealth Turbines associated commodities fraud in 2018.
After Kuvera World’s varied fraudulent crypto funding schemes collapsed, Investview rebooted it as iGenius in 2021.
A number of months later, Investview’s then CEO was arrested on restoration rip-off fraud prices.
Over time Investview has launched varied unregistered funding schemes by iGenius. The most recent of which was CoinRule in July 2024.
In January 2025 Investview settled Apex fraud prices with the SEC for $375,000. The SEC additionally sued two Apex promoters in September 2024.
Apex was one other fraudulent funding scheme Investview launched in 2019.
Pending any additional updates, the SEC is believed to nonetheless be investigating iGenius.