Genius Group has filed a lawsuit against LZGI executives seeking $450 million in damages.

According to Wu, Genius Group, a publicly listed company on the New York Stock Exchange, has announced that it has filed a lawsuit against LZGI International, Inc. (LZGI) and its two executives, Peter Ritz and Michael Moe, in the U.S. District Court for the Southern District of Florida under the Racketeer Influenced and Corrupt Organizations Act (RICO), seeking damages of $450 million. Previously, the New York District Court prohibited Genius Group from selling stocks to raise funds for purchasing Bitcoin.