A few weeks ago I wrote an article exposing 
Genesis Acquisitions International
.

Shrouded in secrecy, much of what we learned of the scheme was through secret emails written by Ken Russo.

Russo, a serial participant in the some of the worst MLM scams ever to launch, lured investors via email with promises of 20% “guaranteed” ROIs in just a few weeks.

I am very firm in my belief that this is the real deal and I get no sense whatsoever that any kind of scam is intended here. It is very seldom that we can find an opportunity as transparent and viable as the Genesis Acquisitions International, LLC. investment club.

This is a wholesale purchase which is quickly turned over in order to produce the return (20%) to the members in a relatively short time frame.

Wary of Ponzi concerns, Russo reassured those he was soliciting that Genesis Acquisitions was no such scheme:

IMPORTANT NOTE REGARDING THE PONZI ISSUE

Those who are of the opinion that this might be another ponzi scheme should pay close attention to the next paragraph.

Upon completion of the first contract (PINEWOOD TCI 1) the members did not have the option of “rolling over” their funds.

Each and every member received their principal and interest to their bank account and this policy will remain in effect for all future contracts.

This demonstrates that Genesis Acquisitions International, LLC. is not a ponzi and that our funds are indeed placed into viable land sale transactions.

In a nutshell, Genesis Acquisitions International solicited tens of thousands of dollars worth of individual investments on the promise of 20% ROIs.

The scheme was headed up by William (Bill) Apostelos, and operated primarily through a “password-protected website”, email communications and NDA prohibiting investors from publicly advertising or discussing the scheme.

That didn’t stop the FBI from investigating Apostelos and his company though, with news today that the FBI have moved to freeze Apostelos’ known assets.

Not surprisingly, despite Ken Russo’s reassurances, Genesis Global Acquisitions is but the tip of William Apostelos’ $50M Ponzi empire.

William Apostelos accused of stealing ‘north of $50 million’ from Miami Valley investors including cops, doctors and businesses.

A local couple swindled “north of $50 million” from hundreds of Miami Valley investors in Ponzi-type financial pyramid schemes to fund an extravagant lifestyle that included buying racehorses and a $1 million farm in Clark County, according to federal court documents and the Federal Bureau of Investigation.

FBI Supervisory Senior Resident Agent Timothy Ferguson said the couple reside at the Tanglewood Drive residence in Springboro the FBI raided Wednesday morning.

According the FBI, a five-month investigation into Apostelos (right) revealed

more than 160 individuals from the greater Dayton area invested in the pyramid scheme, and that from November 2012 to May 2014, more than $32 million was deposited into accounts controlled by A

🤖 Quick Answer

What is Genesis Acquisitions International according to FBI investigations?
Genesis Acquisitions International is an investment scheme allegedly operated by Ken Russo, identified as a $50 million Ponzi structure. The operation promised investors guaranteed returns of 20% within weeks through wholesale purchase transactions, raising significant regulatory concerns about its legitimacy and sustainability.

Who is Ken Russo in relation to this fraud case?
Ken Russo is the operator behind Genesis Acquisitions International, characterized as a serial participant in multiple MLM scams. He utilized confidential email communications to recruit investors, promoting guaranteed investment returns of 20% in short timeframes, tactics consistent with fraudulent financial schemes.

What investment returns did Genesis Acquisitions promise to members?
Genesis Acquisitions International promised investors guaranteed returns of 20% within relatively short time periods. The scheme claimed returns derived from wholesale purchase transactions quickly resold to generate profits distributed to participating members.

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