Genius Group, led by CEO Roger Hamilton, is filing a lawsuit for over $1 billion, a significant portion of which is against LZGI International.
Liabilities and Lawsuits
The company intends to claim $750 million in a RICO case against LZGI International. A second lawsuit is expected soon, with Genius Group estimating claims of at least $262 million, likely to increase as updated for 2024 and 2025.
Funds Distribution Strategy
If the legal efforts succeed, half of the awarded funds will be distributed to shareholders as a special dividend. The other half will be used to purchase Bitcoin, adding 5,000 BTC to Genius Group's reserves, valued at over $500 million at current prices.
Market Positioning
Roger Hamilton noted that this plan is designed to directly benefit shareholders and strengthen the company’s digital asset strategy. However, he cautioned that there is no guarantee of a payout. Despite earlier regulatory hurdles, the company has resumed market activity, positioning itself as a hybrid between edtech and digital finance.
Genius Group continues to develop its strategy in the digital asset space, keeping shareholders at the center of its efforts amid legal battles with LZGI International.
