Probably emboldened by the SEC’s lack of motion for years, Investview has rebooted Kuvera World as iGenius.
On the time of publication Kuvera World’s former web site area now redirects to iGenius.
iGenius is headed up by Chad Garner.
Garner (proper) has been with Investview for the reason that Wealth Mills days.
Wealth Mills noticed Investview mix funding recommendation with MLM. Garner was President of Wealth Mills.
In 2018 the CFTC confirmed Wealth Mills ‘illegally supply(ed) foreign exchange and binary choices to retail buyers in the US‘.
The regulator filed go well with in opposition to Wealth Mills to ‘defend (customers) from fraud and different abusive practices.‘
Investview settled the CFTC’s fees for $150,000.
By the point the CFTC settlement was made public, Investview had renamed Wealth Mills to Kuvera World.
The identify change noticed Investview pivot from foreign exchange fraud to crypto associated securities fraud.
Chad Garner was President of Kuvera World.
Between 2018 and late 2020 Kuvera World launched quite a few crypto associated MLM alternatives.
To the most effective of my information none of those alternatives had been disclosed to the SEC, not less than to not the diploma the fraudulent schemes truly functioned.
Following on and off suspension of ROI funds starting October 2018, Kuvera World lastly palmed off investor losses to Westmyn and Travis Bott in February 2020.
Once more, Investview did not disclose any of this to the SEC.
Apart from killing off Kuvera World, the one different notable enterprise exercise of Investview in 2020 was launching Ndau.
Ndau appears to be some non-MLM shitcoin funding alternative.
Ndau is publicly tradeable, and following its launch in August 2020, adopted the everyday shitcoin pump and dump trajectory.
Because the above chart reveals, Ndau’s sluggish dump continued till iGenius’ launch in January 2021.
Kuvera World appears to have been formally killed off in the direction of the tip of 2020, bringing us to iGenius.
Investview formally unveiled iGenius through press-release on January 14th, 2021.
Investview … at this time unveiled its new model: iGenius.
The iGenius model represents our stake within the fintech enviornment and higher positions us to distribute new and revolutionary merchandise, similar to ndau, around the globe.
The choice to rebrand to iGenius was made to raised align the corporate’s superior technological infrastructure, superior product choices, elevated buyer retention and new partnerships with skilled international distributors.
iGenius will launch the ndau product packages to its clients on Tuesday, January nineteenth at 1 pm japanese together with their web site.
Learn on for a full overview of iGenius’ MLM alternative.
iGenius’ Merchandise
iGenius has no retailable services or products, with associates solely capable of market iGenius affiliate membership itself.
iGenius affiliate membership supplies entry to numerous monetary and crypto associated instructional materials.
A reduction journey reserving engine can be included.
iGenius’ Compensation Plan
iGenius associates enroll and have two funding alternatives made accessible to them; ndau or CryptoElite.
The MLM aspect of iGenius is tied to affiliate recruitment.
NDAU Funding Alternative
As mentioned within the introduction of this overview, ndau is a shitcoin Investview launched mid final 12 months.
Ndau is dumped onto iGenius associates at a minimal $1000 spend, by means of two packages.
A 3 Month Bundle costs ndau at 10% of the present public buying and selling worth.
Ndau invested in by means of the three Month Bundle is locked for 3 months, paying out a 5% annual compounded fee.
After 3 months this fee drops to 4%.
The three 12 months Protected Bundle locks up invested ndau for 3 years. The return paid on 3 12 months Protected Bundle funding is a 15% yearly compounded fee.
iGenius additionally presents loss safety with 3 12 months Protected Bundle funding.
- a 50% buy worth buyback is obtainable after 5 years
- a 100% buy worth buyback is obtainable after 10 years
For every $1000 invested into ndau packages, iGenius pays the next commissions:
- $60 for each $1000 invested into the three Month Bundle
- $75 for each $1000 invested into the three 12 months Protected Bundle
CryptoElite Funding Alternative
CryptoElite is a cryptocurrency passive funding alternative.
After signing up and paying affiliate membership charges, iGenius associates are required to take a position not less than $1000 by means of the CryptoElite buying and selling bot.
EndoTech accumulate a ten% to fifteen% payment of funds invested by means of CryptoElite.
iGenius associates who don’t purchase in on the Elite tier are charged 15%. Elite tier iGenius associates are charged 10%.
Each quarter EndoTech additionally takes 20% to 45% of generated returns.
How a lot EndoTech screws over iGenius associates will depend on how a lot they shell out for membership charges:
- non-Elite tier iGenius associates are charged 45%
- Elite tier iGenius associates are charged 20%
Be aware that iGenius’ compensation documentation suggests solely Elite tier associates have entry to CryptoElite.
iGenius Affiliate Ranks
There are fourteen affiliate ranks inside iGenius’ compensation plan.
Together with their respective qualification standards, they’re as follows:
- Affiliate – enroll as an iGalen affiliate and proceed to pay month-to-month membership charges
- Influencer – recruit two associates, positioned one on either side of your binary workforce
- Govt – preserve two personally recruited associates and generate 1000 GV a month
- Platinum Govt – preserve two personally recruited associates and generate 2000 GV a month
- World Govt – recruit 4 associates, positioned two on either side of your binary workforce, and generate 5000 GV a month
- Diamond Govt – preserve 4 personally recruited associates and generate 10,000 GV a month
- Ambassador – preserve 4 personally recruited associates and generate 25,000 GV a month
- Platinum Ambassador – preserve 4 personally recruited associates and generate 50,000 GV a month
- Diamond Ambassador – preserve 4 personally recruited associates and generate 100,000 GV a month
- Presidential Ambassador – preserve 4 personally recruited associates and generate 250,000 GV a month
- Crown – preserve 4 personally recruited associates (two should be Presidential Ambassador or greater) and generate 500,000 GV a month
- Legend – preserve 4 personally recruited associates (three should be Presidential Ambassador or greater) and generate 1,000,000 GV a month
- Star Legend – preserve 4 personally recruited associates (4 should be Presidential Ambassador or greater) and generate 2,000,000 GV a month
- Royal Legend – recruit and preserve 5 Presidential Ambassador or greater ranked associates and generate 4,000,000 GV a month
- Crown Legend – recruit and preserve six Presidential Ambassador or greater ranked associates and generate 6,000,000 GV a month
GV stands for “Group Quantity” and is gross sales quantity generated by fee of iGenius affiliate charges.
- fee of Alternative membership charges = 50 GV
- fee of Choose membership charges = 150 GV on signup and 100 GV every month
- fee of Premium membership charges = 300 GV on signup and 100 GV every month
- fee of Elite membership charges = 1000 GV on signup and 100 GV every month
Be aware that not more than 50% of required GV can come from anybody unilevel workforce leg.
Recruitment Commissions
iGenius associates obtain a fee once they recruit new associates.
Recruitment commissions paid out are decided by how a lot a newly recruited affiliate spends once they enroll:
- recruit a Alternative tier affiliate and obtain $25
- recruit a Choose tier affiliate and obtain $50
- recruit a Premium tier affiliate and obtain $100
- recruit an Elite tier affiliate and obtain $1499.99
Recruitment commissions are additionally paid on affiliate membership tier upgrades.
Lastly, a $25 residual recruitment fee is paid when a personally recruited affiliate pays their ongoing month-to-month charges.
Residual Commissions
iGenius pays residual commissions through a binary compensation construction.
A binary compensation construction locations an affiliate on the high of a binary workforce, cut up into two sides (left and proper):
The primary stage of the binary workforce homes two positions. The second stage of the binary workforce is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary workforce are generated as required, with every new stage housing twice as many positions because the earlier stage.
Positions within the binary workforce are stuffed through direct and oblique recruitment of associates. Be aware there is no such thing as a restrict to how deep a binary workforce can develop.
On the finish of every week iGenius tallies up new membership payment quantity on either side of the binary workforce.
Associates are paid a proportion of payment quantity generated on their weaker binary workforce aspect, primarily based on rank:
- Influencers don’t qualify for residual commissions
- Executives earn a ten% residual fee fee capped at $75 per week
- Platinum Executives earn a ten% residual fee fee capped at $150 per week
- World Executives earn a 12.5% residual fee fee capped at $250 per week
- Diamond Executives earn a 12.5% residual fee fee capped at $625 per week
- Ambassadors earn a 15% residual fee fee capped at $1250 per week
- Platinum Ambassadors earn a 15% residual fee fee capped at $2500 per week
- Diamond Ambassadors earn a 17.5% residual fee fee capped at $6250 per week
- Presidential Ambassadors earn a 17.5% residual fee fee capped at $12,500 per week
- Crowns earn a 17.5% residual fee fee capped at $25,000 per week
- Legends earn a 20% residual fee fee capped at $62,500 per week
- Star Legends earn a 20% residual fee fee capped at $105,000 per week
- Royal Legends earn a 20% residual fee fee capped at $187,500 per week
- Crown Legends earn a 20% residual fee fee capped at $250,000 per week
Be aware that with respect to any commissions earned over the weekly cap, they’re positioned in a holding stability.
This stability is paid out if the weekly cap isn’t reached in subsequent weeks.
Matching Bonus
iGenius pays a Matching Bonus through a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel workforce, with each personally recruited affiliate positioned immediately below them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel workforce.
If any stage 2 associates recruit new associates, they’re positioned on stage 3 and so forth and so forth down a theoretical infinite variety of ranges.
iGenius caps the Matching Bonus at as much as 5 generations of World Govt and better ranked associates in every unilevel workforce leg.
- World Executives and Diamond Executives earn the Matching Bonus on one era per leg
- Ambassadors and Platinum Ambassadors earn the Matching Bonus on as much as two generations per leg
- Diamond Ambassadors earn the Matching Bonus on as much as three generations per leg
- Presidential Ambassadors earn the Matching Bonus on as much as 4 generations per leg
- Crowns and better earn the Matching Bonus on as much as 5 generations per leg
iGenius’ compensation materials states the Matching Bonus paid out is “as much as 10%”.
Particular Matching Bonus proportion charges aren’t offered.
High Up Bonus
If an affiliate has 4 lively recruited associates and isn’t incomes $175 a month, iGenius will make up the distinction.
The High Up Bonus will increase to $500 if an affiliate has twelve personally recruited lively associates.
An lively affiliate is a recruited iGenius affiliate on a Choose or greater month-to-month subscription.
X4 Bonus Pool
Elite tier iGenius associates or those that generate 1000 PV qualify for the X4 Bonus Pool.
PV stands for “Private Quantity” and is membership payment quantity generated by private recruitment and an affiliate’s personal payment funds.
iGenius takes 1% of company-wide membership payment quantity and locations it into the X4 Bonus Pool.
Qualifying associates earn a share within the X4 Bonus Pool by producing 4000 PV over a 4 week qualifying interval.
Qualifying PV for the X4 Bonus Pool counts newly recruited affiliate charges and excludes an affiliate’s personal payment funds.
E.g. You must recruit new associates who collectively spend 4000 PV in membership charges.
The X4 Bonus Pool is paid out primarily based on what number of shares qualifying associates have generated each 4 weeks.
There doesn’t seem like a cap on the quantity of X4 Bonus Pool shares an iGenius affiliate can qualify for.
X8 Bonus Pool
The X8 Bonus Pool has the identical qualification standards because the X4 Bonus Pool (see above).
iGenius takes 3% of company-wide membership payment quantity and locations it into the X8 Bonus Pool.
Qualifying associates earn a share within the X4 Bonus Pool by producing 8000 PV over a 4 week qualifying interval.
Qualifying PV for the X4 Bonus Pool counts newly recruited affiliate charges and excludes an affiliate’s personal payment funds.
E.g. You must recruit new associates who collectively spend 8000 PV in membership charges.
Becoming a member of iGenius
iGenius affiliate membership is accessible in 4 tiers:
- Alternative – $99.99 after which $99.99 a month
- Choose – $299.99 after which $174.99 a month
- Premium – $599.99 after which $174.99 a month
- Elite – $1499.99 after which $174.99 a month
Full participation in iGenius’ earnings alternative requires an Elite membership.
Conclusion
The final time Investview modified its alternative identify was due to a CFTC investigation.
No thought if there’s one other regulatory investigation occurring however Investview is lengthy overdue for an SEC investigation.
iGenius combines two passive funding alternatives with a pyramid recruitment compensation plan.
These core elements are bundled with a ton of misdirection:
This is identical smoke and mirrors mannequin Investview has deployed since Wealth Mills.
The CFTC noticed by means of it again then. Little doubt the SEC will see by means of it ought to they launch an investigation at this time.
To interrupt issues down let’s first take a look at the NDAU funding alternative.
NDAU has no objective exterior of speculative funding by iGenius associates.
iGenius creates ndau on demand and flogs it off to associates on the assertion its worth will go up.
Why would ndau’s worth go up? As a result of iGenius is actively advertising and marketing ndau as an funding alternative by means of iGenius.
You possibly can clearly see this in impact on ndau’s public worth chart.
When iGenius affiliate recruitment inevitably slows down, or a regulator steps in, ndau’s worth will tank.
On this sense the 5 and ten 12 months buy worth protections supplied by iGenius are laughable.
The tip result’s iGenius collects actual cash and offloads ndau tokens onto gullible buyers.
They preserve the actual cash, you’re left bagholding nugatory tokens.
CryptoElite is obtainable by means of EndoTech.
EndoTech are behind the not too long ago launched and already collapsed Daisy AI Ponzi scheme.
CryptoElite is your typical “we’ll commerce out of your account” passive funding scheme.
When the time involves exit-scam (recruitment dries up), EndoTech initaites rigged trades and associates get up to widespread losses.
EndoTech isn’t registered to supply securities in Israel (the place it’s operated from), or the US.
As per Investview’s public SEC filings, the corporate has solely offered the SEC with a replica of its beforehand linked iGenius press-release.
The press-release makes no point out of its passive CryptoElite funding alternative or EndoTech.
Ndau is talked about however nothing concerning the funding alternative is offered.
That is in step with Kuvera World, whose numerous funding alternatives had been additionally stored “off the books”.
We’ve seen Investview beforehand wash its palms of Kuvera World losses by blaming Westmyn and Travis Bott. Now they’re organising the identical exit-scam with EndoTech.
One final potential pink flag to notice is simply earlier than Investview launched iGenius, they ditched their longstanding monetary auditing agency.
Be it a regulatory investigation or natural collapse, the tip consequence is identical; the vast majority of iGenius associates will lose cash.
Replace seventeenth February 2021 – Lower than 24 hours after this text went dwell Investview filed a 10-Q with the SEC.
The quarterly report mentions iGenius however not the CryptoElite or ndau passive funding alternatives.