Following an investigation that began in 2023, iGenius has received a securities fraud warning from Poland’s Office of Competition and Consumer Protection (UOKiK).

On March 5th, 2025 UOKIK published the findings of its iGenius investigation;

[iGenius] offers educational packages, among others, to consumers who are users of the website.

In the opinion of the President of the UOKiK, the educational value of these packages is not apparent.

These packages are used solely to build a distribution structure consisting in establishing, running and promoting a pyramid-type promotional system, which in turn constitutes a prohibited unfair market practice referred to in Art. 7 point 14 of the Act of 23 August 2007 on Counteracting Unfair Market Practices (Journal of Laws of 2023, item 845).

In the opinion of the President of the Office, the basic pillar of the Company’s activity is the so-called “affiliate program” conducted within the [iGenius] platform.

Its assumption is that users achieve material benefits not in connection with the offered services or training products, but in connection with building and maintaining a user structure , the existence of which depends solely on introducing new users to the system, and not on the sale or consumption of products.

The actual goal of the Company’s activity is to invite new people to the project, and thus ensure a constant inflow of funds to support the affiliate program.

In addition to operating illegally as per Polish law, UOKiK warns iGenius’ pyramid scheme “may threaten the financial interests” of consumers.

The collapse of a pyramid-type system occurs when there is no inflow of new members to the system, as a result of which the Entrepreneur no longer has enough money to pay current members the promised profits and returns on funds invested in the program.

At this point, most investors, especially those from lower levels, lose the money invested in the program.

iGenius is owned by Investview. The scheme is headed up by President Chad Garner (right), also President of Investview.

iGenius is the third iteration of a long-running fraudulent investment scheme run by Investview.

The original scheme was Wealth Generators, launched in 2013. Investview rebooted Wealth Generators as Kuvera Global, upon learning the scheme was under CFTC investigation circa 2017.

The CFTC would go on to fine Investview $150,000 for Wealth Generators related commodities fraud in 2018.

After Kuvera Global’s various fraudulent crypto investment schemes collapsed, Investview rebooted it as iGenius in 2021.

A few months later, Investview’s then CEO was arrested on recovery scam fraud charges.

Over the years Investview has launched various unregistered investment schemes through iGenius. The latest of which was CoinRule in July 2024.

In January 2025 Investview settled Apex fraud charges with the SEC for $375,000. The SEC also sued two Apex promoters in September 2024.

Apex was another fraudulent investment scheme Investview launched in 2019.

Pending any further updates, the SEC is believed to still be investigating iGenius.