AI training

Search documents
Genius Group Provides Update on Legal Cases
Globenewswire· 2025-08-18 12:36
Core Viewpoint - Genius Group Limited is actively addressing legal challenges, including a market manipulation lawsuit and a RICO lawsuit, and will provide updates through a Live Spaces call on August 26, 2025 [1][6]. Legal Updates - The Company is pursuing a rescission of its 2024 Asset Purchase Agreement with LZG International, seeking the return of 7.4 million GNS shares and $6.6 million in funds related to the agreement [3]. - The RICO case filed in Florida against Moe, Ritz, Clayton, and Carter seeks triple damages exceeding $750 million [3]. - The Company is preparing to file a lawsuit regarding alleged market manipulation, with details to be shared during the upcoming call [4]. Management and Legal Team - The Live Spaces call will feature CEO Roger James Hamilton and litigation attorneys James Wes Christian and Mark R Basile, hosted by Board Advisor Kevin Malone [2]. Shareholder Distribution Plan - A Board-approved distribution plan from future legal wins will allocate 50% of net proceeds to shareholders and 50% to purchase Bitcoin for the Company's Bitcoin Treasury [5]. Company Overview - Genius Group is a Bitcoin-first education group utilizing AI to provide solutions for the future of work, serving 5.8 million users across over 100 countries [7].
Genius Group Completes Entrepreneur Resorts Acquisition, Reaffirms Previously Issued 50% Increase in 2025 Revenue Guidance
Globenewswire· 2025-07-30 13:15
Core Viewpoint - Genius Group Limited has completed the acquisition of Entrepreneur Resorts Ltd, integrating its entrepreneur cafés and resorts into Genius Group to expand its Genius City model [1][2]. Acquisition Details - The Asset Purchase Agreement (APA) received overwhelming support from ERL shareholders, with 99.97% voting in favor [2]. - The acquisition allows for the transfer of 50 million shares held in escrow to ERL, with a private placement transaction planned [3]. Post-Acquisition Plans - The APA enables accelerated growth plans for the combined entity, focusing on developing learning communities through the Genius Resort and Genius City models [4]. - Genius Group aims to launch 20 Genius Resorts in the next five years, targeting an average revenue of $5 million per resort [5]. - The company plans to establish 100 licensed Genius Cities, each with an average revenue goal of $1 million, and 5 owner-managed Genius Cities with an average revenue goal of $20 million [6]. Revenue Guidance - Following the APA announcement, Genius Group increased its 2025 revenue guidance by 50%, from $10 million to a range of $15 million to $18 million [7][9]. Educational and Hospitality Expertise - Genius Group's educational initiatives are powered by an AI-driven platform, while Genius Resorts will focus on building learning communities led by experts in education and hospitality [8]. Company Overview - Genius Group serves 5.8 million users globally, providing AI-powered education and acceleration solutions [10]. - Entrepreneur Resorts Ltd focuses on creating environments for entrepreneurs to co-work, co-learn, and co-live in attractive locations [12].
Genius Group Provides Details on Direct Registration of Shares
Globenewswire· 2025-07-17 15:05
Core Viewpoint - Genius Group Limited is providing shareholders with options to direct register their shares to mitigate the risk of their shares being lent out for short selling without their consent [2][3][4]. Group 1: Shareholder Options - Shareholders can request their brokers to transfer shares to the Direct Registration System (DRS) managed by Vstock, ensuring shares are held in the shareholder's name and cannot be lent out without consent [4][5]. - As of July 17, 2025, approximately 14.8 million shares, or 18.2% of the company's issued shares, are held at Vstock, while 81.8% remain in broker accounts [5]. Group 2: Market Manipulation Concerns - Kevin Malone, the Board Advisor, highlights that brokers are not obligated to inform shareholders when their shares are lent out, which can lead to market manipulation [2][3][6]. - Malone compares the situation to real estate transactions where a broker may act without the owner's knowledge, emphasizing the importance of control over owned assets [6]. Group 3: Company Overview - Genius Group is an AI-powered, Bitcoin-first education group serving 5.8 million users across over 100 countries, offering AI training and solutions [7]. - The company focuses on personalized, entrepreneurial AI pathways that integrate human talent with AI skills at various levels, including individual, enterprise, and government [7].
Genius Group increases Bitcoin Treasury 23% to 148 Bitcoin, achieves 113% BTC Yield.
GlobeNewswire News Room· 2025-07-08 12:00
Core Insights - Genius Group Limited has increased its Bitcoin Treasury by 23% to 148 Bitcoin through the purchase of 28 Bitcoin at an average price of $102,858 [1] - The company has achieved a 113% BTC Yield since May 22, 2025, and has more than doubled its Bitcoin per share in the last six weeks [2] - Genius Group has raised its Bitcoin Treasury target from 1,000 to 10,000 Bitcoin, aiming to reach this goal within 12 to 24 months [2] Company Overview - Genius Group is a Bitcoin-first education group that provides AI-powered education and acceleration solutions, serving 5.8 million users in over 100 countries [3] - The company combines human talent with AI skills and solutions at individual, enterprise, and government levels through its Genius City model and online digital marketplace [3] - CEO Roger Hamilton emphasized the company's commitment to ongoing Bitcoin purchases to benefit shareholders by increasing BTC Yield and Bitcoin per share [2][3]
Genius Group Increases Bitcoin Treasury 20% to 120 Bitcoin; accelerates purchase plan.
Globenewswire· 2025-07-02 12:00
Core Insights - Genius Group Limited has increased its Bitcoin Treasury by 20% to 120 Bitcoin, purchased at an average price of $101,539 per Bitcoin, and is accelerating its purchase plan with more frequent acquisitions [1][2] - The company has doubled its Bitcoin Treasury size since May 22, 2025, following a legal stay on a Preliminary Injunction that had previously prevented Bitcoin purchases [2] - Genius Group aims to build its Bitcoin Treasury to 1,000 Bitcoin within the next six months [2] Company Overview - Genius Group is an AI-powered, Bitcoin-first education group serving 5.8 million users across over 100 countries through its Genius City model and online digital marketplace [3] - The company focuses on teaching future-oriented skills in AI, Bitcoin, and community values, aiming to empower students to transition from daily work to meaningful life work [3] - Genius Group provides personalized, entrepreneurial AI pathways that integrate human talent with AI skills and solutions at individual, enterprise, and government levels [3]
Genius Group Board appoints Kevin Malone as Board Advisor.
GlobeNewswire News Room· 2025-06-30 12:00
Company Overview - Genius Group Limited is an AI-powered, Bitcoin-first education group that serves 5.8 million users in over 100 countries through its Genius City model and online digital marketplace [7] - The company focuses on delivering education and acceleration solutions for the future of work, combining human talent with AI skills and solutions at individual, enterprise, and government levels [7] Appointment of Kevin Malone - Kevin Malone has been appointed as an advisor to the Board, bringing over 40 years of experience in wealth management and a focus on fighting market manipulation [1][2] - Malone is the CEO and President of Malone Wealth, a Registered Investment Advisory Firm, and has a history of advocating for fair markets [1][2] Legal Actions Against Market Manipulation - Genius Group is preparing to file a lawsuit for alleged market manipulation, including naked short selling and spoofing, and has appointed Malone to provide expertise and strategies for this legal action [3][5] - The company has been building evidence for its lawsuit for 30 months and aims to address market corruption that has affected its investors [5] Commitment to Shareholders - Malone has chosen to take his compensation for the advisory role entirely in the form of Genius Group shares, aligning his interests with those of current and future shareholders [6] - The CEO of Genius Group, Roger Hamilton, expressed enthusiasm for Malone's appointment, highlighting his experience and shared passion for financial education [6]
Genius Group Board approves shareholder dividend, Bitcoin purchase from proceeds of future legal wins.
Globenewswire· 2025-06-26 14:05
Core Viewpoint - Genius Group Limited has announced a distribution plan for future legal wins, allocating net proceeds equally for shareholder distribution and Bitcoin purchases for its treasury [1][2]. Legal Cases - The company is pursuing two legal cases seeking over $1 billion in combined damages, with one case filed under the RICO Act against LZGI International, Inc. for over $750 million in damages [2][3]. - The second lawsuit involves allegations of naked short selling, with initial damages estimated between $251.3 million and $262.7 million, and an updated amount expected to be significantly higher [2][3]. Distribution Plan - The Board has agreed to distribute 50% of any net damages recovered as a special dividend to shareholders and invest the remaining 50% in Bitcoin for the company's treasury [6][3]. - The distribution will apply to each instance of damage recovery, with net damages defined as amounts received after legal fees, recovery fees, and taxes [3][6]. Company Overview - Genius Group is an AI-powered education group with a Bitcoin-first treasury, serving 5.8 million users across over 100 countries through its Genius City model and online marketplace [4]. - The company focuses on personalized, entrepreneurial AI pathways that integrate human talent with AI skills and solutions at various levels [4].
Genius Group provides update to RICO lawsuit
GlobeNewswire News Room· 2025-05-21 12:00
Core Viewpoint - Genius Group Limited has filed an amended complaint under the RICO Act against controlling officers of LZGI International, seeking damages exceeding $750 million due to alleged fraudulent activities [1][2][3]. Legal Actions - The amended complaint includes additional defendants, Michael Carter and John Clayton, who are also involved in a separate SEC case alleging securities fraud [2]. - The RICO case centers on allegations that Peter Ritz and Michael Moe attempted to defraud Genius Group, leading to a Temporary Restraining Order and Preliminary Injunction that hindered the company's operations [3]. - A recent ruling from the United States Court of Appeals granted a stay on the Preliminary Injunction, allowing Genius Group to resume normal operations, including fundraising and Bitcoin transactions [4]. Financial Impact - Genius Group is focused on restructuring and recovering from damages incurred due to the Temporary Restraining Order and Preliminary Injunction, which have increased to $250 million [5]. - The company is pursuing treble damages of $750 million in the RICO case [5]. Collaboration with Shareholders - Genius Group is cooperating with LZGI shareholders who have filed a class action lawsuit against LZGI and its officers for violations of federal securities laws [7]. Company Overview - Genius Group is an AI-powered, Bitcoin-first education group serving 5.8 million users across over 100 countries, providing AI training and solutions [9].
Genius Group CEO, Roger Hamilton's X Account Hacked
GlobeNewswire News Room· 2025-05-11 03:15
Core Viewpoint - Genius Group Limited has announced that the CEO's X account was compromised, leading to the dissemination of false information regarding a token launch, which the company disclaims as unauthorized [1][2]. Company Response - The company and CEO Roger Hamilton have urged the public to disregard any posts or messages from the compromised account until official confirmation of recovery is provided [2]. - Genius Group has contacted X to recover the account and reported the hacking to law enforcement and regulatory agencies, including the Singapore Police, FBI, SEC, and NYSE [3]. Legal Actions - The company has stated its intention to pursue legal action against the hackers and is investigating any potential connections between this incident and its ongoing legal matters [3]. Company Overview - Genius Group is a Bitcoin-first education group that provides AI-powered education and acceleration solutions, serving 5.8 million users across over 100 countries [4]. - The company operates through its Genius City model and offers a digital marketplace for AI training, tools, and talent, focusing on personalized entrepreneurial pathways [4].
Genius Group files RICO lawsuit against Michael Moe and Peter Ritz, seeks over $450 million in damages
Globenewswire· 2025-04-04 12:00
Core Viewpoint - Genius Group Limited has filed a lawsuit against Peter Ritz and Michael Moe under the RICO Act, seeking over $450 million in damages due to alleged fraudulent activities that harmed the company [1][7]. Legal Actions - The lawsuit is part of a broader strategy to combat fraud and market manipulation, separate from another lawsuit related to alleged naked short selling and spoofing, which has estimated damages between $251 million and $263 million [4]. - The company has also filed a complaint with the SEC and notified the DOJ and FBI regarding the RICO complaint, requesting further investigation [2]. Allegations Against Defendants - The defendants are accused of orchestrating a scheme involving mail fraud, wire fraud, and extortion to gain control of microcap entities, ultimately harming Genius Group [7]. - Specific allegations include fraudulent inducement to enter an asset purchase agreement based on false representations, and an attempted boardroom coup to take control of the company [7]. Financial Implications - Genius Group is seeking a jury trial and demands a minimum of $150 million in monetary damages, which could amount to $450 million based on treble damages under Florida law [7]. Company Overview - Genius Group is an AI-powered, Bitcoin-first education group serving 5.4 million users across over 100 countries, providing AI training and solutions for various sectors [5].