One of Joseph Cammarata’s initiatives as Investview’s CEO was integrating it into iGenius’ MLM opportunity.

To that end the company put out a
June 2021 press-release
;

Investview … is shifting its attention to ndau. The company, which has seen new highs in monthly gross revenues and net profits in Q1 2021, is betting on ndau to help fuel continued growth.

“Ndau enables individuals to participate in long-term holding of a digital currency
without having to worry about such a wide range of volatility
,” Investview Director of Finance Mario Romano said.

“I am confident that with our shared client-centric principles and passion for innovation and growth, Investview, LevelX and Prodigio will prove to be a winning combination for Investview and our customers,” said Investview’s Joseph Cammarata, who was named CEO in late 2019.

Following his
arrest on criminal fraud charges
, Cammarata pled with a court to let him liquidate his NDAU holdings.

Contrary to marketing representations Investview and iGenius made to their distributors, Cammarata told the court NDAU is too volatile to hold.

iGenius
commits securities fraud through NDAU investment
, offering annual returns of up to 15%.

To that end Cammarata (right), as CEO of Investview at the time, personally invested an undisclosed amount to acquire 5809 NDAU.

Rather than hold onto the ultimately worthless shitcoin, on September 20th Cammarata asked a court for permission to liquidate.

Defendant owns and controls a crypto asset known as NDAU in a software known as NDAU Wallet housing an account ending in -kuwq.

Defendant represents that he considers the -kuwq account (and NDAU generally) to be a volatile asset, and that the value of Defendant’s holdings has fluctuated between $40,000 and $120,000.

Defendant seeks to sell all of the approximately 5,809 NDAU in account -kuwq (currently valued at approximately $90,000, though the amount fluctuates with the market).

Plaintiff does not object to the sale of all NDAU in account -kuwq to preserve its value, with the proceeds of the sale being held as cash in a new escrow account maintained by Defendant’s counsel, where it shall remain frozen, pursuant to the terms of the Preliminary Injunction.

Cammarata’s assets have been frozen as per an injunction, granted in parallel SEC civil fraud proceedings.

Cammarata’s motion was granted later the same day.

After Cammarata was given permission to liquidate, NDAU dropped from $14.49 to $11.47 within 24 hours.

Through what is believed to be manipulated wash trading, NDAU returned to the $14.50 to $15.50 range over the next 24 hours.

In related news, on September 8th Cammarata filed a motion seeking to dissolve the injunction freezing his assets.

In the motion Cammarata claims he wasn’t “initially concerned” about the ordered asset freeze, because he figured he

knew with indisputable case law and experience with SEC regulations that the complaint brought by the SEC was nothing more than a targeted mali

🤖 Quick Answer

What was Joseph Cammarata's involvement with iGenius' NDAU initiative?
As Investview's CEO, Cammarata spearheaded the company's integration into iGenius' multilevel marketing opportunity, positioning NDAU as a long-term digital currency holding solution designed to mitigate volatility concerns for participants seeking stable cryptocurrency investments.

Why did Investview initially promote NDAU in 2021?
Investview promoted NDAU following strong financial performance in Q1 2021, with increased monthly revenues and profits. The company positioned the digital currency as an innovation enabling clients to participate in long-term cryptocurrency holdings while minimizing exposure to extreme price fluctuations.

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