Nvisionu collapses, David Imonitie sells out to iGenius
David Imonitie’s IM Mastery Academy clone has collapsed.
Earlier today (December 14th), a social media post “welcomed” the Nvisionu co-founder and CEO to iGenius:
Imonitie is also believed to have teamed up with iGenius promoter Anthony Napolitano last week, to pitch iGenius to Nvisionu promoters.
Nvisionu launched in 2022 as a clone of IM Mastery Academy. BehindMLM revisited Nvisionu in August this year, noting supplements and travel had been added.
Whether Imonitie was paid to sell Nvisionu promoters to iGenius and if so how much, have not been publicly disclosed.
iGenius is owned by SEC-registered Investview. The company is currently pitching US residents on Cforce, an automated crypto trading scheme run in partnership with 3Commas and Blue Square Wealth.
Investview has not disclosed iGenius’ Cforce auto-trading scheme in SEC filings. Nor is iGenius registered with the CFTC.
David Imonitie was cited in an IM Mastery Academy lawsuit brought by the FTC in May, alleging $1.2 billion in fraud.
Defendants relied heavily on David Imonitie, a Black IBO, in marketing to Black consumers.
Defendant [Jason] Brown, in a May 2019 text message chat with an IML salesperson, asked why IML should send David Imonitie to an event in St. Louis.
The salesperson responded:
Because the demographic is blacks bro[.] They need to see a [Black person] come up[.]
Like that’s all they need to see to believe[.] Rich black people[.] Out here man they don’t tell them how to come up so him teaching bro it will be stupid…
Avg income is like 30-40k a year… Promote ‘highest paid African American in industry, teaches how to be successful’ or sum like that lol.
Brown responded to the above with “Lol.”
Imonitie reached the rank of Chairman 750 in IM Mastery Academy but was not named as a defendant in the FTC’s lawsuit.
Two hours ago Imonitie published an Investview press-release on social media, citing himself as “a respected leader in the global network marketing industry”.
As of November 20925, SimilarWeb was tracking ~6200 monthly visits to iGenius’ website. Top sources of iGenius website traffic are the Netherlands (27%), Italy (15%), Austria (12%) and the US (10%).
Over the same period SimilarWeb tracked ~8800 monthly visits to Nvisionu’s website. The US is the top source of Nvisionu website traffic (44.8%).
iGenius has been burning cash ferociously, so I don’t believe there was an asset purchase; more likely a bridge contract for Imonitie. The products NVisionU sold were the usual white-label crap so I no longer believe iGenius will be selling NVisionU stuff (but, we shall see). The other offerings from NVU were basically redundant with iGenius products (Education and Travel), so I doubt that, too.
Ivan part ways from Nvision to go back to being a distributor for a korea skin care company and left David to run the company on his own. But David doesnt have the stuff to be a CEO. Thats why he took a sales based position (CVO) when they first started the company. He thought he was going to be a founder while working as a distributor type and fill is pocket while leaving the CEO job to ivan but something happen that flipped things upside down. These mlmers get some money and think they are business magnets all of a sudden, they forget that being a mlmer is simply being an independent contractor. You have no business acumen. Now with ivans money out of the game, He rushed to sell the company because he would have to come out of pocket to maintain it until It starts becoming profitable and that’s going to be a struggle because the worlds climate and the mlm climate has took a shift. The old ways are less affective. He doesn’t want to go broke. Hes not built to do it on his own. Just like his mentor Holton, hes hype beast that jump from company to company. What serious CEO sits on social media doing Photoshoots all the time. Thats part of the hype beast formula. seem like this big shot to impress the sheep while you actually don’t know wtf your doing.