Singapore, June 26, 2025 — Genius Group Limited (NYSE American: GNS), a pioneer in AI-driven, Bitcoin-focused education, announced today that its Board of Directors has approved a strategic distribution plan tied to future legal victories. Net proceeds from any successful litigation will be equally allocated between shareholder dividends and Bitcoin acquisitions for the company’s treasury.
Key Announcement Highlights
- 50% Dividend Distribution: Shareholders will receive a special dividend from net legal proceeds.
- 50% Bitcoin Investment: Funds will bolster Genius Group’s Bitcoin Treasury, aligning with its Bitcoin-first strategy.
- Legal Cases Overview: Two active lawsuits seek over $1 billion in combined damages for shareholder restitution.
CEO Statement
Roger Hamilton, CEO of Genius Group, emphasized:
"Our lawsuits aim to recover damages inflicted on shareholders. The Board unanimously agrees that 100% of recovered funds should directly benefit shareholders—either through dividends or Bitcoin investments."
Legal Case Details
1. RICO Act Lawsuit
- Filed in: U.S. District Court, Southern District of Florida (Case No: 1:25-cv-21496).
- Defendants: Peter Ritz, Michael Moe (LZGI International), Michael Carter, and John Clayton.
- Damages Sought: $750 million (including treble damages under federal statute).
2. Naked Short Selling Allegations
- Legal Team: Led by Wes Christian of Christian Attar.
- Initial Damages Estimate: $251.3–$262.7 million (based on 2023 trading data).
- Pending Update: 2024–2025 trade analysis expected to significantly increase the claim amount.
Distribution Plan
Net Proceeds Allocation
- Shareholder Dividend: 50% distributed as a one-time special dividend.
- Bitcoin Treasury: 50% used to purchase Bitcoin post-recovery.
Note:
- Distributions apply per recovery instance.
- "Net damages" deduct legal fees, recovery costs, and taxes.
- Compliance with SEC, NYSE, and Singapore regulations required.
About Genius Group
Genius Group (NYSE: GNS) is an AI-powered education leader with a Bitcoin-centric treasury, serving 5.8 million users across 100+ countries. Its offerings include:
- AI training and tools via Genius City.
- Entrepreneurial pathways blending human talent with AI solutions.
👉 Explore Genius Group’s AI education platform
FAQs
Q1: What happens if the lawsuits are unsuccessful?
A: No distributions or Bitcoin purchases will occur. The plan is contingent on winning damages.
Q2: How will Bitcoin purchases impact shareholders?
A: Bitcoin holdings aim to enhance long-term treasury value, indirectly benefiting shareholders.
Q3: When can shareholders expect dividends?
A: Only after damages are recovered and net proceeds calculated.
Q4: Are there risks to the distribution plan?
A: Yes, including litigation delays, regulatory approvals, and Bitcoin market volatility.
Q5: How are net damages calculated?
A: Total damages minus legal fees, taxes, and recovery expenses.
👉 Learn more about Bitcoin’s role in corporate treasuries
Forward-Looking Statements
This release contains forward-looking statements subject to risks and uncertainties. Outcomes may differ due to legal, market, or regulatory factors. Genius Group assumes no obligation to update projections based on new information.
Disclaimer: This content is for informational purposes only and does not constitute financial advice.