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According to Techub News, Genius Group, a publicly listed company on the New York Stock Exchange, has filed a lawsuit in the Southern District of Florida against two executives of LZGI International, Inc (LZGI), Peter Ritz and Michael Moe, under the U.S. Racketeer Influenced and Corrupt Organizations Act (RICO), seeking damages of $450 million.
Techub News previously reported that Genius Group has been prohibited by a New York court from financing, selling shares, and using investor funds to purchase Bitcoin. The ban stems from a legal dispute related to Fatbrain AI (LZGI).