iGenius securities fraud warning from QC, Canada
iGenius has received a securities fraud warning from Quebec, Canada.
As per the Autorite des Marches Financiers’ April 2022 warning;
iGenius LLC is not registered with the AMF and is not authorized to solicit investors in Québec.
iGenius operates from five cited website domains:
- igeniusglobal.com
- igenius.biz
- igeniusmarket.com (defunct)
- tpacademyglobal.com (defunct)
- investview.com
Under Quebec law, companies offering passive returns through investment schemes must be registered. Failing to register with the AMF constitutes securities fraud.
The AMF cites iGenius’ former business name, Kuvera LLC, as well as parent company Investview. Investview renamed Kuvera Global to iGenius after a commodities fraud fine from the CFTC in 2018.
iGenius’ original business model saw the company offer passive returns through a purported partnership with EndoTech.
This prompted an investigation by the SEC, which as of May 2024 remains ongoing.
iGenius meanwhile has doubled down on securities fraud. In July iGenius announced a partnership with CoinRule, through which passive returns are offered via “automated trading”.
The AMF appears as toothless as the US FTC and SEC. iGenius ignored the warning and actively solicited distributors in Quebec at least through October 2023 (there was a large group awareness meeting in Montreal the weekend my wife and I were visiting).