Genius Group Approves Shareholder Dividend and Bitcoin Purchase from Legal Proceeds

On Thursday, June 26, 2025, Genius Group, an AI-powered, Bitcoin-first education group, announced that its Board of Directors has approved a distribution plan for proceeds resulting from future legal victories. The plan involves dividing net proceeds equally between shareholder dividends and the purchase of Bitcoin for the company’s Bitcoin treasury.

Genius Group’s CEO, Roger Hamilton, highlighted that the company is currently pursuing two legal cases, one already filed and another pending, seeking combined damages exceeding $1 billion. He stated that the lawsuits aim to recover damages incurred by third parties, directly affecting shareholders. Consequently, the Board of Directors believes that all proceeds from successful outcomes should benefit shareholders through direct distributions or reinvestment.

The company has lodged a complaint under the Racketeer Influenced and Corrupt Organizations Act (RICO) in the U.S. District Court for the Southern District of Florida against Peter Ritz and Michael Moe, who are identified as the controlling officers and directors of LZGI International, Inc. Additionally, the lawsuit includes claims against Michael Carter and John Clayton, with damages sought amounting to over $750 million. This figure includes potential treble damages as allowed under federal law.

Furthermore, Genius Group is preparing to file a lawsuit related to allegations of naked short selling and evidence of market manipulation, known as spoofing. This case, led by Wes Christian of Christian Attar, estimates damages between $251.3 million and $262.7 million based on initial analyses of the company’s share trading data from 2023. The legal team is actively monitoring trades from 2024 and 2025, and the forthcoming filing is expected to report significantly higher damages.

While the outcomes of these legal actions remain uncertain, the Board has outlined a distribution strategy in the event of successful damage recovery. The plan stipulates that 50% of any net damages recovered will be distributed as a special dividend to shareholders, while the remaining 50% will be allocated to purchasing Bitcoin for the company’s treasury.

All distributions will adhere to relevant regulations from authorities such as the SEC, NYSE, and Singaporean law.

Genius Group serves approximately 5.8 million users across over 100 countries, providing innovative education solutions that combine human talent with AI capabilities.