Beware of iGenius – Review

Investview has released updated compliance paperwork as a result of the SEC subpoenaing the firm for information regarding its iGenius offer.

Naturally, there is no mention of the trading bot for passive returns from iGenius. In fact, iGenius outright lies about the entire product.

The following is an exact quote from the new compliance information provided by iGenius.

Here is a screenshot of the objectionable compliance wording in case it gets removed from the iGenius website.

Trade Automation Technology

There is no automated trading technology available from the Company. In the past, we provided FOREX users with automatic trading as a convenience.

Our automated system was examined by the Commodities and Futures Trade Commission, which found that a Commodity Trading Advisor was necessary.

We negotiated a settlement on the CFTC’s ruling and stopped using automated trade services since we are dedicated to providing instruction rather than advice.

Although we are aware that there are still automated products on the market, as is shown below, we are also aware that promoting or using this automation calls for registration and license.

These services are not offered by us, and we warn our clients against using these kinds of automated software.

A business or a trader gives a trade signal as an illustration of automated trading.

For these indications, the business or trader is paid. The person next links the trading signal source to their MT4-compatible FX account.

The signal itself is regarded as guidance even when the consumer joins their account and the signal provider does not evaluate, monitor, or manage the client account.

As a result, the instrument needs a Registered Financial or Commodity Trading Advisory if the signal is judged to be investment advice.

The company does not offer tools or automated trading.

Wow. Simply, wow. So, a few things.

2018 saw the CFTC’s enforcement action against Wealth Generators.

Wealth Generators was discovered by the CFTC to be providing access to an automatic ROI trading bot unlawfully. The CFTC’s fraud claims against Wealth Generators were resolved for $150,000.

Soon after, Investview changed its name to Kuvera Global. Early in 2021, iGenius replaced Kuvera Global as the company’s name.

We’ll disregard the securities fraud that occurred under Kuvera Global for the sake of simplicity.

On the iGenius website today, we can see that Crypto Elite is packaged with the most costly $1499 and then costs $174.99 per month to be an “Elite” member.

So what exactly is CryptoElite?

It is “AI crypto trading software,” to use iGenius’ terms.

That is, in fact, the pitch. The very thing iGenius claims it doesn’t offer is an automatic trading bot, which is what CryptoElite is.

We negotiated a settlement on the CFTC’s ruling and stopped using automated trade services since we are dedicated to providing instruction rather than advice.

The company does not offer tools or automated trading.

WHAT? (below, click to expand)

EndoTech advertises itself as an Israeli company.

Before iGenius introduced a trading bot opportunity, BehindMLM reported on EndoTech’s own Daisy AI securities scam.

In November 2021, Investview disclosed that it had gotten a subpoena from the SEC asking for details on iGenius.

President Chad Garner also disclosed the following in the raw Zoom footage that was removed from iGenius’ official compliance video that was posted yesterday:

[24:57] The SEC had issued a subpoena, as you may recall. There is hence a long line of inquiry.

They appear to be interested in comprehending the Apex model based on the way the questions are phrased.

The video “I slipped into the iGenius compliance call” by Savannah Marie on January 22nd contains this material.

In 2019, BehindMLM reported about Investview’s scammy Apex investment program.

I can only speculate, but I think the Investview submission to the SEC in response to the subpoena in November 2021 was comparable to the flimsy denials in the iGenius compliance papers (updated for Jan 2022).

It remains to be seen if Investview and iGenius’ plan to deceive the SEC and customers succeeds.

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