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Genius Group Files $450 Million RICO Lawsuit Against Moe and Ritz

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The latest update is out from Genius Group Limited ( (GNS) ).

Genius Group Limited has filed a RICO lawsuit against Michael Moe and Peter Ritz, alleging fraudulent activities that have caused significant financial harm to the company. The lawsuit, filed on March 31, 2025, in the United States District Court, Southern District of Florida, seeks over $450 million in damages. The complaint accuses the defendants of engaging in schemes involving mail fraud, wire fraud, and extortion to defraud Genius Group and other entities. The company has also reported the matter to various authorities, including the SEC and the FBI, and is pursuing other legal actions against market manipulation.

More about Genius Group Limited

Genius Group (NYSE: GNS) is a Bitcoin-first business delivering AI-powered education and acceleration solutions for the future of work. It serves 5.4 million users in over 100 countries through its Genius City model and online digital marketplace, offering AI training, AI tools, and AI talent. The company provides personalized, entrepreneurial AI pathways combining human talent with AI skills and solutions at individual, enterprise, and government levels.

YTD Price Performance: -62.90%

Average Trading Volume: 3,485,651

Technical Sentiment Signal: Strong Buy

Current Market Cap: $15.78M

For detailed information about GNS stock, go to TipRanks’ Stock Analysis page.

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