Polish regulator fines Investview $4M, orders cease-and-desist for iGenius pyramid scheme allegations

Investview, Inc.

UOKiK imposed administrative fine of PLN 14.7M (~$4M) and cease-and-desist order against iGenius unit for unfair commercial practices.
Fine and order not final; subject to appeal to Polish court; company intends to appeal.
Company expects to continue normal operations in Poland during appeal; may modify/suspend operations if appeal fails.
Potential risk of similar actions from other EU or US regulators given significance of iGenius operations.

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