Apparently issues are so unhealthy at iGenius that executives are turning to former OneCoin Ponzi scammers.
As we speak we check out how Be Membership is overtly raiding iGenius.
Our supply materials is a doc titled “Causes for the transfer to Be-Membership”.
The doc is authored by former iGenius Director of World Training, Stefan Kassing. It’s being circulated amongst iGenius promoters in an effort to get them to hitch Be Membership.
When precisely Kassing left iGenius is unclear however right now he cites himself as Director of World Training at Be Membership.
Kassing opens his rationalization for ditching iGenius for Be Membership with a abstract overview;
Why we turned away from iGenius: An trustworthy evaluation of the purple flags
Each firm appears good when the solar is shining. The primary years with iGenius had been additionally filled with potential and development.
Nonetheless, true assessments come throughout powerful occasions – and that’s precisely the place iGenius failed us. Listed here are the important thing explanation why we needed to take a special path.
The primary purpose offered is “dealing with challenges”, whereby Kassing claims iGenius’ income has declined 20% to 30%.
As an alternative of investing in troublesome occasions to cease the downward pattern, questionable choices had been made:
Educators’ salaries, which had remained virtually unchanged and minimalistic for years, had been additional diminished because of the income decline. These reductions usually concerned quantities that weren’t even four-figure sums – the cuts had been minimal.
On the identical time, the corporate invested 2 million euros to accumulate one other firm.
These contradictory priorities raised a transparent belief challenge: Whereas important funds had been allotted for exterior investments, those that sustained your entire training system and labored tirelessly had been those impacted by cuts.
This severely broken belief, as the selections confirmed how little worth was positioned on the laborious work and contributions of the workforce.
I imagine the cited acquisition pertains to iGenius’ guardian firm Investview buying Renu, a private care and complement product developer, in late 2024.
In that case, this implies Kassing left iGenius both throughout or shortly after November 2024.
The second purpose offered by Kassing is a sequence of what he refers to as “large purple flags”.
- Sudden elimination of Vimeo recordings
- All recordings from the previous 5 years had been deactivated for patrons with none warning.
- A large breach of belief that rendered all our laborious work invisible.
- Lack of communication
- As Head of Training, I acquired no info or transparency.
- Prospects, educators, and companions had been left utterly in the dead of night.
By mid to late 2024, our messages, even these from the Head of Training, had been now not learn or answered.
We had been utterly ignored and left unsure – a transparent signal of disrespect and unprofessionalism.
Kassing’s third purpose is a “lack of innovation and dependence on third events”.
There have been no clear investments in product improvement or new concepts.
For months and years, we initiated and funded tasks within the background to help development and enchancment. Nonetheless, even after repeated requests to current these tasks in calls, they had been merely ignored.
Prospects needed to pay extra charges to make use of merchandise, even after buying costly packages.
The fourth purpose Kassing cites is “no imaginative and prescient or future plans”.
After repeatedly asking for strategic plans, we acquired no clear solutions.
The pursuits of the training degree or educators now not aligned with the corporate’s pursuits.
The corporate made a number of hints about utilizing synthetic intelligence to supply multilingual training. The aim was clearly to scale back the variety of educators additional to avoid wasting prices.
This made it evident that the corporate’s long-term imaginative and prescient was not appropriate with the wants and values of the educators.
Having laid out his causes, Kassing strikes onto his pitch for Be Membership.
All these causes and belief points, which amassed through the years, led us to look elsewhere. It grew to become clear {that a} Plan B was essential to safe a long-term perspective.
These quite a few purple flags ultimately introduced us to the BE Membership.
Kassing claims Be Membership “operates in some ways the precise reverse of iGenius”.
Particular cases cited by Kassing embrace:
- no extra prices for patrons
- important higher merchandise
- the whole lot is developed in-house
- a powerful workforce for each division
- extra help educators
- a transparent future perspective
- higher earnings for networkers and
The above is maybe effectively and honest however issues rapidly disintegrate when Kassing will get to “complience”.
The corporate acts proactively. BE Membership at all times collaborates with authorities prematurely, making certain that so far, no investigations have been performed in opposition to the corporate.
For instance, because the German market is being activated at BE Membership, the corporate contacted BaFin to make clear all authorized issues prematurely.
That there have been no investigations into Be Membership is a flat out lie. Regulatory investigations into Be Membership (and Be earlier than it) have led to a number of regulatory enforcement actions in numerous international locations.
The irony right here is, and I under no circumstances imply this as a optimistic for iGenius, is that Be Membership has way more regulatory investigations and fraud warnings issued than iGenius.
As to Germany; had Be Membership of been trustworthy about their unregistered SageMaster funding scheme, BaFin would have knowledgeable them securities and commodities fraud is against the law in Germany.
That Kassing doesn’t handle Be Membership’s SageMaster securities and commodities fraud, is maybe the most important purple flag of all. Kassing additionally fails to deal with Be Membership being primarily based out of Dubai, the MLM crime capital of the world.
Be Membership co-founders Moynur and Monir Islam fled to Dubai after stealing a bunch of cash selling the OneCoin Ponzi scheme within the UK.
In conclusion, Kassing writes;
This strategy utterly outshines iGenius – by way of transparency, investments, and future imaginative and prescient.
After all of the experiences with iGenius, selecting BE Membership was the one logical determination.
Throughout our onboarding course of at BE Membership, we realized increasingly more daily that this firm is a critical competitor to iGenius – and even has the potential to utterly surpass it.
In encouraging iGenius promoters to enroll with Be Membership, Kassing is joined by Miguel Vees Raposo and Gianluca Leonardi.
Kassing is from Germany. Raposo and Leonardi are former iGenius promoters who even have ties to Germany.
Broader efforts to recruit iGenius promoters embrace Leonardi internet hosting webinars, on which Be Membership co-founder Monyur Islam spouts misinformation about Be Membership’s regulatory fraud warnings.
As of December 2024, SimilarWeb was monitoring
- ~25,600 month-to-month visits to iGenius’ web site (down 17% month on month), and
- ~3100 month-to-month visits to Be Membership’s web site (up 20% month on month)
To the most effective of my information iGenius has not publicly addressed Be Membership raiding its promoters.