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California, USA
$GNS [UPDATE] Genius Group Limited v. LZG International, Inc. et al This court filing is a formal letter from lawyers representing Genius Group Limited addressed to Judge Mary Kay Vyskocil in the U.S. District Court for the Southern District of New York. The core purpose of the letter is to ask the judge to unfreeze (lift the stay on) the ongoing litigation so Genius Group can file a claim to collect a $500,000 cash bond that was previously deposited with the court by LZGI. The background of the filing stems from a prior court order (a preliminary injunction) secured by LZGI against Genius Group. That original injunction prevented Genius Group from issuing new shares of stock and buying Bitcoin. To secure that injunction, LZGI was legally required to post a $500,000 security bond with the court to protect Genius Group in the event the restriction was found to be unjustified. Genius Group appealed that ruling to the Second Circuit Court of Appeals, which subsequently threw out (vacated) the injunction. With the appeal fully resolved, Genius Group now argues that it was wrongfully restrained from executing its business strategy and is entitled to claim the $500,000 bond to help cover the financial damages it suffered while the order was active. For Genius Group, this move is a clear benefit because it opens a direct path to recover up to half a million dollars in financial damages resulting from the overturned injunction. Beyond the monetary benefit, lifting the stay allows Genius Group to clear significant legal roadblocks, leaving it free to pursue its capital-raising and crypto-asset initiatives without court interference. For LZGI and its associated key figures Michael Moe and Peter Ritz, the filing poses a direct financial and strategic challenge. LZGI faces the immediate risk of forfeiting the $500,000 cash security it posted. While LZGI’s legal team consented to unfreezing the case so the court could review the matter, LZGI explicitly refuses to yield the funds voluntarily and intends to oppose the claim. For Moe and Ritz, who have been central to LZGI's corporate strategy and disputes with Genius Group, this legal action represents a loss of procedural leverage and adds continued litigation pressure to their position. Moving forward, Judge Vyskocil will decide how to handle the request. The judge can either schedule a pre-motion conference to establish a schedule for written briefs or exercise her discretion to grant the motion to lift the stay directly from this letter. Once the case is unfrozen, Genius Group and LZGI will submit formal legal filings where Genius Group must present evidence showing the financial losses it suffered while barred from issuing stock and buying Bitcoin, after which the court will decide whether to award the $500,000 bond to Genius Group or return it to LZGI.
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$GNS [PRESS RELEASE] Back in the Crypto Game: Genius Group Powers Up Its Dual AI and Bitcoin Reserve ir.geniusgroup.net/news-even… Genius Group, an AI-focused education company, has officially resumed buying Bitcoin following a court ruling that cleared away previous legal hurdles blocking its stock issuance and fundraising. Over a four-day span in early October 2026, the company invested roughly $854,000 to purchase 10 Bitcoins. This move marks the restart of their long-term strategy to accumulate digital assets alongside their growing investments in prominent private AI companies. This recent buy is part of an ambitious $1.2 billion capital plan aiming to build a total asset portfolio worth $2 billion by 2031. Genius Group intends to divide these reserves primarily between Bitcoin and frontier AI assets, financing future purchases through company cash flow, preferred stock, and equity programs rather than taking on debt. By pairing Blockchain holdings with AI equity, the company views this dual treasury as a way to practice what it teaches while positioning itself for the future digital economy.
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$GNS [UPDATE] FL RICO Civil Case Genius Group Limited v Peter Ritz, Michael Moe, John Clayton and Michael Carter This document is a formal legal stipulation filed in federal court where the plaintiff, Genius Group Limited, and the defendants, Peter B. Ritz, Michael Moe, John Clayton, and Michael Carter, have mutually agreed to extend a deadline. This filing follows a recent decision by U.S. District Judge Ed Artau, who denied the defendants' motions to dismiss the lawsuit. Following that ruling, both sides agreed to give the defendants additional time to respond to the updated lawsuit, known as the First Amended Complaint. Under this agreement, all four defendants now have until October 20, 2026, to file their response.
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$GNS [ANALYSIS] Securities and Exchange Commission v. Clayton et al Defendant Counsel’s Exit in SEC Suit Threatens Joint Defense and Exposes Critical LZGI Records to Genius Group’s $1B RICO Action Donald Perry is a key figure in the U.S. Securities and Exchange Commission (SEC) case against John Clayton. While the SEC names Clayton as the main mastermind behind a scheme to secretly collect and sell off restricted shares in four small public companies: Flexpoint Sensor Systems, ForeverGreen Worldwide, KwikClick, and LZG International. Perry is accused of helping him make it all work. LZG International (LGZI) is a central piece of this fraud. It was allegedly used as a shell company to target another business, Genius Group, and force it into bankruptcy. Genius Group claims that company insiders, Peter Ritz and Michael Moe, used LZGI to execute fake transactions, manipulate stock prices, and push the company into financial ruin. This creates a direct link between the SEC's stock manipulation case and a separate civil RICO lawsuit filed by Genius Group. Perry served as Clayton’s long-time bookkeeper and managed the day-to-day operations that made the scheme possible. He kept financial records, tracked fake or nominee stock ownership, handled tax filings, and submitted the required paperwork to brokerages so the illegal stock sales could go through. Perry’s involvement went even deeper because his wife was listed as the official head of several shell entities used in these trades, giving Perry direct access to key legal and financial documents. Because he managed the behind-the-scenes mechanics of these companies, regulators consider Perry a critical witness who knows exactly how Clayton carried out the alleged fraud.
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$GNS [UPDATE] Securities and Exchange Commission v. Clayton et al This court filing is a formal request filed by Donald Perry's attorneys asking a federal judge for permission to quit representing him in a civil lawsuit brought by the Securities and Exchange Commission (SEC). The lawyers state that they cannot publicly disclose their specific reasons because legal ethics rules strictly require client confidentiality. They also note that while Perry was notified of their intention to step down, he has not given his consent. When defense counsel moves to withdraw without a client's consent, legal observers typically infer a severe breakdown in the attorney-client relationship. In complex cases, this usually points to non-payment of legal fees, a fundamental disagreement over defense strategy, or an ethical dilemma where continuing representation would violate professional conduct rules. For Perry, this creates immediate hardship, as he must spend time and resources finding new legal representation who must catch up on complex federal filings, or face defending himself without a lawyer against federal regulators. For John Clayton, who is Perry’s co-defendant in the SEC suit, this filing introduces short-term procedural delays. Perry served as Clayton's long-time bookkeeper, managing accounting records and entity documentation central to the transactions under SEC scrutiny and reflecting a close operational working relationship rather than a personal friendship. When a key co-defendant loses their legal team, joint defense plans, depositions, and court schedules often get paused while the court grants time to get new counsel up to speed. While this SEC proceeding is a civil action, meaning traditional criminal plea bargains do not apply, Perry could enter into a civil settlement with regulators or cooperate with private litigants. As Clayton’s long-time bookkeeper with intimate knowledge of account structures and financial records, Perry providing sworn testimony, records, or factual disclosures could ripple into the parallel civil lawsuit brought by Genius Group against Clayton under federal and state Racketeer Influenced and Corrupt Organizations (RICO) laws. Any shifts in Perry’s defense strategy or willingness to share internal documentation could offer crucial evidentiary material that Genius Group can use to support its RICO claims against Clayton. Next, the presiding judge in the SEC action will decide whether to grant the motion allowing Perry's attorneys to officially exit the case. If approved, Perry will be given a set period to retain new counsel or declare that he is representing himself, after which both the SEC enforcement action and related civil litigation will move forward through pre-trial proceedings.
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$GNS [ANALYSIS] Genius Group Silences Peter Ritz and Michael Moe with Big Court Wins Peter Ritz and Michael Moe are staying quiet because Genius Group is beating them badly in court. The company's legal counsel, The Basile Law Firm, has torn down their defenses, taken away their power, and left them facing huge financial penalties. Genius Group won a major victory when a judge ruled that Peter Ritz and Michael Moe cheated, abused their power, and intentionally caused harm. This ruling immediately kicked Peter Ritz out of his job as CEO of LZGI, took both Ritz and Moe off the board of directors, and banned them from coming back. Because Genius Group removed them from power, Ritz and Moe lost their jobs and no longer have any right or platform to speak for the company. Genius Group has also backed Ritz and Moe into a corner with a major ICC Arbitration sweeping victory with the arbitrator awarding 7.3+ million shares to be returned to Genius Group's treasury and $8+ million from the now voided APA "FatBrain" acquisition plus attorney fees and litigation cost. Another major victory was achieved recently when judge ruled against Moe, Ritz and their co-defendants for the federal RICO lawsuit which Genius Group seeks damages of $1 billion for illegal schemes and extortion. Ritz and Moe tried to stay quiet and get the judge to throw the case out, but the court gave Genius Group another major win by rejecting their request. The judge ruled that Genius Group has strong proof, forcing Ritz and Moe to hand over evidence and face trial. Facing massive money loss and bad court rulings that prove they did wrong, Ritz and Moe have nothing good to say. Their silence is just two beaten bosses hiding while Genius Group keeps winning in court.
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$GNS [PRESS RELEASE] Genius Group CEO Roger Hamilton Buys 1 Million Shares to Signal Confidence in Company Growth ir.geniusgroup.net/news-even… Roger Hamilton, the chief executive officer and founder of Genius Group, has personally bought one million additional shares of his own company on the public stock market. The stock purchase took place on September 30, 2026, at an average price of $0.15 per share. This latest transaction is part of a larger ongoing trend for the executive. Since January 2024, Hamilton has purchased a total of 6.5 million shares across eight different transactions, spending roughly $3.1 million of his own money to acquire a larger stake in the company. Hamilton timed this stock purchase to happen right after the company released its financial results for the first half of 2026, which is typically when corporate rules allow executives to trade shares again. By buying these shares, Hamilton publicly expressed confidence in the company's future growth, pointing to recent progress in its business operations and legal matters as reasons for his optimism.
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$GNS [ANALYSIS] Federal Judge Greenlights RICO Lawsuit in Major Legal Victory and Operational Revenue Surge Sends $GNS Stock Soaring The surge in Genius Group stock is driven primarily by a milestone legal victory in federal court. Judge Ed Artau of the U.S. District Court for the Southern District of Florida ruled in favor of Genius Group by denying all motions to dismiss in the company's high-profile RICO lawsuit. This decision allows the lawsuit against former executives Peter Ritz and Michael Moe along associates John Clayton and Michael Carter to proceed, instilling significant confidence among investors who've been closely following the legal developments. In addition to the legal news, momentum is being supported by recent operational highlights. Investors are digesting the company's latest financial results showing strong 140% year-over-year revenue growth alongside an operational focus on higher-margin AI programs, share buybacks, and efforts to reduce total outstanding float.
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$GNS [PRESS RELEASE] Federal Court Allows $1 Billion RICO Lawsuit by Genius Group to Proceed Against Key Defendants ir.geniusgroup.net/news-even… A federal court in Florida has decided that a major lawsuit filed by Genius Group can move forward, completely rejecting the defendants' requests to throw the case out. Genius Group, an AI-powered education company, is suing four individuals: Michael Moe, Peter Ritz, John Clayton, and Michael Carter under racketeering laws (RICO). The company is seeking triple damages amounting to nearly $1 billion, claiming these individuals engaged in an illegal scheme to trick and defraud the business. According to the lawsuit, the defendants used an entity called LZG International to carry out fraudulent transactions through mail and wire. Genius Group alleges that these individuals made false promises to trick them into a business agreement, extorted millions of dollars in cash and shares, and attempted to retaliate against Genius Group after two of the defendants were removed from their roles at the company. This ruling allows Genius Group to proceed to the discovery phase of the trial, where both sides must hand over relevant evidence. This court victory follows previous legal successes for Genius Group against LZG International, including winning an arbitration case that awarded them $8 million and the return of 7.4 million shares of company stock. Genius Group's leadership plans to aggressively pursue the lawsuit to hold the defendants accountable and recover financial losses.
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$GNS [ANALYSIS] Genius Group’s Multi-Front Legal Blitz: How ICC Arbitration Sweeping Victory, Judge Vyskocil’s Looming Federal Confirmation, and Federal RICO Interlock to Bring Down the Shell Company LZG international and its executives, Peter Ritz and Michael Moe along with associates John Clayton and Michael Carter Genius Group entered into a business combination deal with LZG International (LZGI), led by executives Peter Ritz and Michael Moe. When the deal fell apart amid accusations of fraud, misleading statements, and stolen stock, a tangled web of legal battles erupted across international arbitration, federal court, and state courts. All of these lawsuits are deeply interconnected because they all stem from a single core conflict: Genius Group’s effort to cancel millions of illegally transferred stock shares, recover millions in lost money, and hold both the corporate entity and its individual leaders accountable. The story centers around three main legal levers moving in unison. First, Genius Group took LZGI to the International Chamber of Commerce (ICC) arbitration tribunal, where they won a massive victory that ordered LZGI to give back nearly 7.4 million stock shares and pay roughly $8 million in cash. Second, to actually make LZGI hand over that money and stock, Genius Group turned to federal Judge Mary Kay Vyskocil to officially confirm that arbitration win into a legally binding federal court order. This step allows Genius Group to freeze bank accounts, order stock transfer agents to cancel shares, and seize company assets. However, recovering assets from the corporate shell of LZGI alone is not enough, which brings in the third interconnected piece: going after executives Peter Ritz and Michael Moe along with John Clayton and Michael Carter directly. Because arbitration usually binds only the company rather than individual leaders, Genius Group filed a separate federal RICO lawsuit and launched efforts to pierce LZGI’s corporate veil. Parallel state court rulings have already found that Ritz and Moe breached their fiduciary duties and engaged in a fraudulent scheme, which gives Genius Group the leverage to argue in federal court that LZGI was just an alter ego for its bosses. Ultimately, every single motion, injunction, and lawsuit in this saga is linked together like links in a chain. The state court rulings prove the executives acted dishonestly, which strengthens the federal RICO case and justifies going after Ritz and Moe’s personal bank accounts and real estate. Meanwhile, Judge Vyskocil’s federal court orders act as the enforcement engine for the ICC arbitration win, ensuring the stock is returned and the money is collected. Together, these legal maneuvers form a single, synchronized strategy to restore Genius Group’s balance sheet, restore shareholder value, and ensure the individuals responsible cannot hide behind a corporate shield.
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$GNS [UPDATE] Ritz v Genius Group Limited, Roger Hamilton and Eva Mantziou & Genius Group Limited v Ritz (+ Moe) - Countersuit This court filing is a formal sworn statement submitted to a federal court in New York by Roger Hamilton, one of the main individuals involved in a lawsuit between Peter Ritz and Genius Group Limited. In this filing, Hamilton is providing official written evidence to support a motion for summary judgment, which is a request asking the judge to rule in favor of Genius Group and its executives without going through a full trial. In the statement, Hamilton explains that he instructed the company's IT and technical support teams to gather and hand over internal communication records to their legal defense team. Specifically, these records include all emails sent and received through company email addresses ending in "@geniusgroup.net" and "@geniusgroup.ai," along with all relevant WhatsApp text messages from the timeframe in question. He highlights that this data transfer included raw files and metadata, which are digital details showing exact timestamps and sender/recipient information. By signing the declaration under penalty of perjury, Hamilton legally confirms that his statements are true to the best of his knowledge. Overall, the document serves to inform the court that Genius Group’s attorneys were given complete access to company electronic communications and messaging data, which the legal team is using to support their request for a favorable judgment from the court.
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$GNS [UPDATE] Ritz v Genius Group Limited, Roger Hamilton and Eva Mantziou & Genius Group Limited v Ritz (+ Moe) - Countersuit This court filing is a step taken by Genius Group, Roger Hamilton, and Eva Mantziou to secure complete judgment in their favor and hold Peter Ritz and Michael Thomas Moe fully accountable. Submitted by Genius’s counsel, Eric J. Benzenberg, the declaration delivers a comprehensive body of evidence supporting Genius Group’s motion for summary judgment and its counterclaims, establishing a clear record of the company's position and lawful conduct. To back their claims, Genius Group has assembled an extensive, five-volume compendium of evidence. This archive includes corporate contracts, board meeting minutes, financial models, certified audio transcriptions, and extensive deposition transcripts. Together, these detailed records validate Genius Group’s corporate actions and expose the baseless nature of the claims brought against them. The filing also highlights significant evasiveness by Peter Ritz during the discovery process. Despite explicit requests for documentation regarding the compensation and benefits he received under his employment agreement, Ritz refused to produce key financial records, including his state tax returns. Genius Group’s filing underscores this lack of transparency, demonstrating that while Genius has put forward a clear and exhaustive evidentiary record, the opposing party continues to withhold relevant information.
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$GNS [ANALYSIS] FL RICO Civil Case Genius Group Limited v Peter Ritz, Michael Moe, John Clayton and Michael Carter Today's court ruling is a major victory and defining moment for Genius Group in its RICO lawsuit against the defendants. By throwing out every single attempt by the defense to dismiss the case, the judge made it clear that Genius Group’s claims are legally strong and real. This means the defendants failed to get an easy way out early on, and the lawsuit will move forward. Because Judge Ed Artau kept the case alive, Genius Group now has the legal power to dig deep into evidence. They can demand internal emails, financial logs, and corporate documents from the defendants. They can also force key people to answer questions under oath during official depositions, which puts the defense in a very tough spot if their stories do not match the evidence. This completely shifts the power to Genius Group. The defendants now face mounting legal costs and the heavy risk of being found at fault. Because of this, Genius Group holds all the leverage to push for a strong settlement or fight for a major win in court, while showing shareholders that management is actively protecting the company.
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$GNS [UPDATE] Ritz v Genius Group Limited, Roger Hamilton and Eva Mantziou & Genius Group Limited v Ritz (+ Moe) - Countersuit This court document is a Statement of Undisputed Material Facts filed by Genius Group, Roger Hamilton and Eva Mantziou against Peter Ritz and Michael Moe by presenting a timeline of events based on sworn testimonies, contracts, and emails to ask the judge to decide the case in their favor without a full trial. The dispute stems from an early 2024 deal where Genius Group agreed to acquire a group of key business assets, known as Prime Source, from LZG International. As part of the transaction, LZGI's directors joined Genius, with Michael Moe becoming Chairman of the Board and Peter Ritz taking on the role of Chief Revenue Officer under a three-month probationary contract. Genius claims that Ritz provided financial models showing Prime Source would bring in over $105 million in revenue, leading Genius to publicly double its own financial guidance. However, Genius alleges that Ritz misled them. They discovered that Prime Source was tied up in undisclosed owner disputes, lacked the required audited financial records, and actually held only about $100,000 in cash rather than tens of millions in revenue. Tensions escalated when Genius received complaints from LZGI shareholders regarding Ritz’s past conduct, prompting an internal investigation into him before his probation period ended. During this same period, Genius launched a voluntary salary-deferral program for its employees to manage temporary capital needs. Ritz opted into the program late, which led Genius to withhold $7,708.34 from his September paycheck. In response to his defense, Ritz claimed he was acting as an internal whistleblower after an unnamed source warned him that Genius Group's public financial numbers were false. Genius Group counters this by pointing out that Ritz never filed a written whistleblower report, never inspected the company's database or consulted its auditor, and continued using the inflated numbers in official pitch decks throughout August 2024. Finally, Genius Group alleges that Ritz and Moe cost the company millions of dollars by breaking a binding Voting Agreement. In exchange for company financing, Ritz and Moe had agreed to vote all LZGI-controlled shares in favor of a board proposal. Genius Group states that while both men supported an initial split in August 2024, they breached their contract by refusing to vote the shares in favor of a secondary split authorization during a critical shareholder meeting in September 2024.
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