Wednesday, May 18, 2022 2:32:53 AM
From yesterday's 10-KT:
So the investigation is about Apex, which crashed near two years ago. And or, iGenius, the multi level marketing dollar spinner for INVU. Well in part iGenius is a straight up pyramid scheme but that is FTC territory not SEC.
Again, and or their cryptocurrency products. NDAU feels like a standard pump and dump scheme. But CRYPTOelete really gives the SEC something to sniff around. A pure passive income opportunity soliciting US investors without any US securities registration.
To say INVU would never be stupid enough to be on the wrong side of the law like that are forgetting 2018 settlement between INVU and the CFTC in which "Wealth Generators" (iGenius' previous name) would up drop one of their "product offerings," a passive income FX deal and paying out a $150K fine.
So as things stand we don't know which of iGenius' product offerings has drawn the ire of the SEC but eventually it will be revealed.
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