Genius Group, a publicly listed company on the New York Stock Exchange, has filed a lawsuit against LZGI executives seeking compensation of $450 million

According to Globenewswire, Genius Group, a company listed on the New York Stock Exchange, announced that it has filed a lawsuit against LZGI International in the Southern District Court of Florida under the United States Anti Fraud and Corrupt Organizations Act (RICO), Two executives from Inc (LZGI), Peter Ritz and Michael Moe, have filed a lawsuit seeking compensation of $450 million. Previously, the Southern District Court of New York has banned Genius Group from selling stocks to raise funds and also prohibited the use of investor funds to purchase Bitcoin, as Michael Moe and Peter Ritz applied for a temporary restraining order and preliminary injunction to the court to prevent Genius Group from selling any shares or raising any funds to purchase Bitcoin.