iGenius Review – Another Crypto MLM Scam

There’s been an abundance of “e-learning” platforms that claim they have the knowledge that will teach you how to get rich, and iGenius Global is just another one of them.

I’ve already reviewed ones like Andrew Tate’s Hustlers University, but this specific scheme we’ll be taking a look at today has been going on for FAR longer than his and has many, many names.

What Is iGenius?

First, you need to understand the company behind it, and the person behind that.

The parent company of iGenius is Investview which is a publicly traded company, and as a result, has a stock with a market cap of over $90 million.

This might seem impressive until you take a look at the over 100% drop off they’ve had since the company listing –

It’s not a great start that a financial management and services company has seemingly taken such a massive hit themselves, red flags arise already.

Investview and its owner also claim to be breaking financial records and profitability, but it’s publicly available financial reports would say otherwise.

Who Is Chad Garner?

The founder and president of both iGenius and Investview, Chad Garner was part of the founding team for Daily Bread, a direct sales company and according to CrunchBase was also the Vice President of a company called Wealth Generators LLC which went out of business in 2017 – After a judgement against them for illegally offering forex and finance options, which they were ordered to pay a restitution of over $150,000.

Ironically, looking at Wealth Generators it looks to be an almost exact same business model as what iGenius offers, with the additional crypto twist thrown in for good measure.

Membership Benefits

There are varying tiers to the iGenius membership, and depending on your tier you get access to a variety of different things.

Or at least that’s what they claim, as a lot of the “benefits” don’t actually exist, or are somewhere far off in the foreseeable future where your membership renewal may have paid for the owner’s mortgage alone.

There’s a LOT to unpack in this image, but here are the varying member tiers –

There should be obvious red flags, as most of the ways they teach financial freedoms have nothing to do with the way most people become millionaires and are often filled with scammers.

Forex, multiple crypto parts and a range of alerts meant for you to make big money – It’s just a shame nearly all of those alerts would have ended up with you making a loss this year, as the markets have crumbled and we are looking at moving into a recession.

iGenius Store, Affiliate & Membership

Whilst iGenius does have a store based on the Shopify platform that sells various pieces of clothing, it’s unlikely this is doing more than a few thousand bucks in sales each month.

The majority of the company’s income is generated from it’s memberships, training and virtual services.

NDAU

The parent company Investview created this token many years ago, and is now offered to iGenius customers on 2 different contracts, both with a minimum investment of $1,000:

3-Month Package Contract – This is a locked offering that claims to give a 5% compounded, annualized return that drops to 4% if you claim it within the 3 months and not annually.

3-Year Package Contract – This package claims to offer a 15% annual return rate, which is where you know it starts to look more and more like a pyramid scheme.

CRYPTOelite Trading Bot

When I started doing research into this company, one of the first videos I saw was from our good friend and notorious cryptocurrency scammer, Anthony Potiliano –

They claim you will get access to a variety of trading strategies devised by the bot, which in itself is powered by “EndoTech” which itself has a lot of reports of being a scam and losing investors money using it.

Pyramid / Multi-Level Marketing Scheme

Where it really starts to get dodgy and is literally setup as a direct pyramid scheme.

They make it overly complicated so it seems more legitimate to lesser-minded individuals, but the base premise is you get a $25 referral fee for signing up other members –

Now that in and of itself is completely normal, where it starts to get really dodgy is the various upgrades, fees and bonuses you’ll get from pressuring your customers (Which are likely your friends and family trying to support you) into handing over more money, so you can get a small cut.

This is where you realize the product is designed to be an MLM scheme, not a financial empowerment education platform.

The primary goal of the founders is to get you to refer more members, not help you better your lives by understanding the stock market, crypto and forex trading.

There are so many bonuses I can’t explain them all, but here’s a short list for you:

• Fast Start Bonus
• Rapid Start Bonus
• Generational Match Bonus
• Top Up Bonus
• X4 Bonus
• X8 Bonus

There are so many for you to chase, that most won’t stop to question why they exist in the first place.

Should You Join iGenius?

No. The owner and founder, Chad, has founded or been associated with multiple pyramid schemes in the past and has no footprint as a true financial educator or scholar.

It is a scam that has been rebranded multiple times:

• iGenius Global
• Kuvera Global
• Wealth Generators LLC
• NDAU Token

All of the products, services and tokens are a scam, illegitimate and will cost the investors that have been suckered into this dearly, as it has done in the past with the previous entities.

Make sure you’re careful with who you invest your money and put your trust into teaching you about the finance industry.

I hope this helped more than one person from losing their savings.