I have written a great deal about Genius Funds since we issued a Notice of Hearing on February 12, 2010. The hearing took place in Vancouver and the Commission issued permanent orders again Genius Funds. No one representing Genius Funds appeared on its behalf.
As I emphasized in my last blog, BCSC did not shut down the website. It did not prevent Genius Funds from sending funds to investors. What it did do was confirm that Genius Funds is not registered to participate in BC’s securities industry and it permanently banned web-based Genius Funds, also known as Genius Investments, from selling securities and engaging in investor relations activities in British Columbia.
To read previous posts on this and other topics, click on Let’s talk about investing.
This is the fourth instalment in a five-part series on the exclusive Financial Times interview From Behind Bars, Madoff spins his story – the second interview Bernie Madoff has given since he was sent to jail for life for fraud charges in 2009. Bernie Madoff claims that when he began creating false paper records, […]