SINGAPORE, April 04, 2025 — Genius Group (NYSE American: GNS), a leading education company focused on AI and Bitcoin, announced today the filing of a RICO Act lawsuit in the U.S. District Court for the Southern District of Florida on March 31, 2025, against Peter Ritz and Michael Moe. The lawsuit, targeting Ritz and Moe in their roles as controlling officers and directors of LZGI International, Inc (“LZG”), seeks over $450 million in damages allegedly caused to Genius Group.

The company is filing the complaint on April 4, 2025, as part of a Form 6-K Current Report with the SEC and a police report to the Commercial Affairs Department of the Singapore Police Force, alleging organized criminal activity against the Singapore-based public company. Genius Group has also informed the Securities and Exchange Commission (SEC), the Criminal Division, Fraud Section, Department of Justice (DOJ), and the Corporate Fraud Division, Federal Bureau of Investigation (FBI) about the RICO complaint, requesting their own investigations.

The RICO Complaint outlines the following allegations:

• The defendants allegedly executed a scheme involving mail fraud, wire fraud, and extortion to defraud LZGI and Genius Group shareholders. The purpose was to gain control of microcap entities, enrich themselves by diverting funds, and render LZGI and its subsidiaries insolvent.
• The defendants purportedly used LZGI to coerce and extort insiders of microcap companies, aiming to take over the businesses and loot their assets, with Genius Group being the most recent target.
• The defendants allegedly attempted to defraud Genius Group through mail fraud, wire fraud, and extortion. This included fraudulently inducing Genius Group into an asset purchase agreement based on false representations to extract funds for an asset they did not control. When this failed, they allegedly attempted an illegal boardroom coup to seize control of the company.
• A recent recording allegedly captures Ritz detailing a scheme to weaponize the U.S. legal system to obtain a temporary restraining order and preliminary injunction, preventing Genius Group from issuing shares and raising funds. After allegedly securing a court order through false statements, Ritz purportedly threatened to bankrupt LZGI if Genius Group did not provide millions more to fund his fraud. This would allegedly ensure Genius Group receives nothing from arbitration while remaining under restrictions, forcing Genius Group to choose between aiding the fraud or facing closure.
• Genius Group has requested a jury trial and seeks a verdict awarding no less than $150 million in monetary damages, which, based on treble damages under Florida Statute 772.104(1) (2024), amounts to a minimum of $450 million.

Genius Group is represented by the Basile Law Firm P.C., specializing in securities violations and RICO claims. The case number is 1:25-cv-21496.

This RICO complaint is one of several legal actions Genius Group is pursuing against fraud and market manipulation. It is separate from the lawsuit led by Christian Attar concerning alleged naked short selling and spoofing of Genius Group’s shares, with estimated damages previously between $251 million and $263 million. Wes Christian of Christian Attar expects updated damage calculations to be completed, and the complaint filed, within the next thirty days.

About Genius Group

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

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