Investview has filed suit against Total Protection Plus over a purported sham ROI guarantee for two unregistered investment schemes.
Apex
was a fraudulent investment scheme launched by Investview in 2020. Apex, run by serial fraudster and then Investview board member Jeremy Roma (right), collapsed in 2021.
Earlier this year, Investview
settled Apex fraud allegations with the SEC
for $375,000.
On May 14th, Investview filed a
10-Q Quarterly Report
with the SEC, spanning January 1st through March 31st, 2025.
In the filing Investview disclosed litigation pertaining to what appears to be a scam within a scam.
Included in the Apex sale and leaseback program that was discontinued in 2021, was a “guaranteed assets buy-back product” underwritten, administered and managed by a third-party provider, Total Protection Plus (“TPP”).
TPP was a marketing tool, presented to Apex investors as a ROI guarantee.
[TPP] was intended to provide customers who participated in the Apex sale and leaseback program with a financial protection program (the “TPP Program”), under which customers, provided they complied with certain TPP required claims procedures, could elect to collect a cash payout in either a five-or-ten year interval after their initial purchase.
As part of their sales and marketing materials, TPP represented that they were a purported affiliate of a well-known global insurance brokerage firm that had sufficient capital resources, reserves and liquidity to support any payouts needed to satisfy their obligations under the TPP Program.
TPP was also offered to
iGenius’ NDAU investors
as a ROI guarantee;
Separately, iGenius members who purchased ndau through an Oneiro sponsored ndau distribution program, were also given the opportunity to participate in a TPP Program similar to the program offered to our Apex customers; which in this case was intended to provide customers who purchased ndau with a financial protection program under which such customers, provided they complied with certain TPP required claims procedures, could elect to collect a cash payout in either a five- or ten-year interval after their initial purchase.
Participation in this program was also in reliance on sales and marketing materials by which TPP represented that they were a purported affiliate of a well-known global insurance brokerage firm that had sufficient capital resources, reserves and liquidity to support any pay-outs needed to satisfy their obligations under the TPP Program.
Prior to terminating the distribution of ndau in August 2023, we distributed over $
16.6
million in ndau to our members purportedly supported by the TPP Program.
As in the same case as had been done with respect to the Apex customers, TPP was paid substantial premiums for the program, and those premiums were included in the purchase price for the ndau program, at no additional cost to the customer.
Investview claims it has paid TPP “over $6 million” in licensing fees.
During the fourth ca
🤖 Quick Answer
What lawsuit did Investview file against Total Protection Plus?Investview filed suit against Total Protection Plus (TPP) over an allegedly fraudulent guaranteed assets buy-back product associated with the discontinued Apex sale and leaseback program. The guarantee, which purportedly covered ROI for the unregistered Apex and NDAU investment schemes, was characterized as a sham underwritten and managed by the third party.
What was Apex and why did it collapse?
Apex was a fraudulent investment scheme launched by Investview in 2020, operated by serial fraudster and then-board member Jeremy Roma. The scheme, structured as a sale and leaseback program involving unregistered securities, collapsed in 2021 after its underlying business model proved unsustainable and regulatory scrutiny intensified.
How did Investview resolve SEC allegations related to Apex?
Investview settled fraud allegations
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