-+ 0.00%
-+ 0.00%
-+ 0.00%

Genius Group RICO lawsuit advances as US judge denies defendants’ dismissal bids

PUBT·09/30/2026 12:02:33
Listen to the news
Genius Group RICO lawsuit advances as US judge denies defendants’ dismissal bids
  • US federal judge in the Southern District of Florida denied motions to dismiss in Genius Group’s RICO lawsuit.
  • Ruling lets federal and Florida RICO claims proceed against Michael Moe, Peter Ritz, John Clayton, Michael Carter.
  • Complaint alleges use of LZG International to run wire and mail fraud tied to an asset purchase agreement.
  • Claims include alleged false representations that led to cash and stock losses; lawsuit seeks treble damages above $750 million.
  • Company also cited a prior ICC arbitration award that returned 7,400,000 shares plus about $8 million.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Genius Group Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202609300800PRIMZONEFULLFEED9836867) on September 30, 2026, and is solely responsible for the information contained therein.