Apparently things are so bad at iGenius that executives are turning to former OneCoin Ponzi scammers.

Today we take a look at how Be Club is openly raiding iGenius.

Our source material is a document titled “Reasons for the move to Be-Club”.

The document is authored by former iGenius Director of Global Education, Stefan Kassing. It is being circulated among iGenius promoters in an effort to get them to join Be Club.

When exactly Kassing left iGenius is unclear but today he cites himself as Director of Global Education at Be Club.

Kassing opens his explanation for ditching iGenius for Be Club with a summary overview;

Why we turned away from iGenius: An honest analysis of the red flags

Every company looks good when the sun is shining. The first years with iGenius were also full of potential and growth.

However, true tests come during tough times – and that’s exactly where iGenius failed us. Here are the key reasons why we had to take a different path.

The first reason provided is “handling challenges”, wherein Kassing claims iGenius’ revenue has declined 20% to 30%.

Instead of investing in difficult times to stop the downward trend, questionable decisions were made:

Educators’ salaries, which had remained almost unchanged and minimalistic for years, were further reduced due to the revenue decline. These reductions often involved amounts that weren’t even four-figure sums – the cuts were minimal.

At the same time, the company invested 2 million euros to acquire another company.

These contradictory priorities raised a clear trust issue: While significant funds were allocated for external investments, those who sustained the entire education system and worked tirelessly were the ones impacted by cuts.

This severely damaged trust, as the decisions showed how little value was placed on the hard work and contributions of the team.

I believe the cited acquisition pertains to iGenius’ parent company Investview acquiring Renu, a personal care and supplement product developer, in late 2024.

If so, this suggests Kassing left iGenius either during or shortly after November 2024.

The second reason provided by Kassing is a series of what he refers to as “massive red flags”.

  • Sudden removal of Vimeo recordings
  • All recordings from the past 5 years were deactivated for customers without any warning.
  • A massive breach of trust that rendered all our hard work invisible.
  • Lack of communication
  • As Head of Education, I received no information or transparency.
  • Customers, educators, and partners were left completely in the dark.

By mid to late 2024, our messages, even those from the Head of Education, were no longer read or answered.

We were completely ignored and left uncertain – a clear sign of disrespect and unprofessionalism.

Kassing’s third reason is a “lack of innovation and dependence on third parties”.

There were no clear investments in product development or new ideas.

For months and years, we initiated and funded projects in the background to support growth and improvement. However, even after repeated requests to present these projects in calls, they were simply ignored.

Customers had to pay additional fees to use products, even after purchasing expensive packages.

The fourth reason Kassing cites is “no vision or future plans”.

After repeatedly asking for strategic plans, we received no clear answers.

The interests of the education level or educators no longer aligned with the company’s interests.

The company made several hints about using artificial intelligence to offer multilingual education. The goal was clearly to reduce the number of educators further to save costs.

This made it evident that the company’s long-term vision was not compatible with the needs and values of the educators.

Having laid out his reasons, Kassing moves onto his pitch for Be Club.

All these reasons and trust issues, which accumulated over the years, led us to look elsewhere. It became clear that a Plan B was necessary to secure a long-term perspective.

These numerous red flags eventually brought us to the BE Club.

Kassing claims Be Club “operates in many ways the exact opposite of iGenius”.

Specific instances cited by Kassing include:

  • no additional costs for customers
  • significant better products
  • everything is developed in-house
  • a strong team for every department
  • additional support educators
  • a clear future perspective
  • better earnings for networkers and

The above is perhaps well and fair but things quickly fall apart when Kassing gets to “complience”.

The company acts proactively. BE Club always collaborates with authorities in advance, ensuring that to date, no investigations have been conducted against the company.

For example, as the German market is being activated at BE Club, the company contacted BaFin to clarify all legal matters in advance.

That there have been no investigations into Be Club is a flat out lie. Regulatory investigations into Be Club (and Be before it) have led to multiple regulatory enforcement actions in various countries.

The irony here is, and I in no way mean this as a positive for iGenius, is that Be Club has far more regulatory investigations and fraud warnings issued than iGenius.

As to Germany; had Be Club of been honest about their unregistered SageMaster investment scheme, BaFin would have informed them securities and commodities fraud is illegal in Germany.

That Kassing does not address Be Club’s SageMaster securities and commodities fraud, is perhaps the biggest red flag of all. Kassing also fails to address Be Club being based out of Dubai, the MLM crime capital of the world.

Be Club co-founders Moynur and Monir Islam fled to Dubai after stealing a bunch of money promoting the OneCoin Ponzi scheme in the UK.

In conclusion, Kassing writes;

This approach completely outshines iGenius – in terms of transparency, investments, and future vision.

After all the experiences with iGenius, choosing BE Club was the only logical decision.

During our onboarding process at BE Club, we realized more and more every day that this company is a serious competitor to iGenius – and even has the potential to completely surpass it.

In encouraging iGenius promoters to sign up with Be Club, Kassing is joined by Miguel Vees Raposo and Gianluca Leonardi.

Kassing is from Germany. Raposo and Leonardi are former iGenius promoters who also have ties to Germany.

Broader efforts to recruit iGenius promoters include Leonardi hosting webinars, on which Be Club co-founder Monyur Islam spouts misinformation about Be Club’s regulatory fraud warnings.

As of December 2024, SimilarWeb was tracking

  • ~25,600 monthly visits to iGenius’ website (down 17% month on month), and
  • ~3100 monthly visits to Be Club’s website (up 20% month on month)

To the best of my knowledge iGenius has not publicly addressed Be Club raiding its promoters.