Genius Group (GNS) appoints Kevin Malone as Board Advisor
Genius Group Limited (NYSE American: GNS) (“Genius Group” or the “Company”), a leading AI-powered, Bitcoin-first education group, today announced that it has appointed Kevin Malone as an advisor to the Board. Mr. Malone brings experience advising companies and investors on fighting market manipulation, together with over 40 years of family experience in wealth management
Kevin Malone is the CEO and President of Malone Wealth, a Registered Investment Advisory Firm, managing a range of investments in companies focused at AI, Web3 and exponential technology. He also founded the Malone Wealth Charitable Fund with a mission to empower the next generation with essential financial knowledge by integrating personal finance education into the U.S. education system.
Mr. Malone has built a reputation advocating for fair markets and fighting against market manipulation. He has invested in multiple companies led by management teams taking legal action against alleged market manipulation, including in Genius Group from January 2023, when the Company announced the commencement of legal actions and preventative measures to protect its shareholders.
As the Company prepares to file its lawsuit for alleged market manipulation including naked short selling and spoofing, it has appointed Mr. Malone to provide his expertise and strategies to the board, and to work together with the Company’s team of lawyers and data analysts both prior to and following the filing.
Mr. Malone said “In 2021, when multiple brokerages removed the buy button on GameStop, Wall Street stole millions of dollars of my client’s money from them. That moment changed my trajectory forever. I committed to becoming a fiduciary who actively fights against market corruption. This is what every single advisor who says they are a fiduciary should be doing”.
“Over the last two months after joining Quantum, I saw the same thing occur again, this time with multiple brokerages removing the buy button on Genius, Quantum, and multiple other companies. Genius has been building evidence for its lawsuit for 30 months now, and now that they are getting ready to file it is shocking to see this kind of behaviour against the company and its investors. However, much has changed over the years, with better data collection, data analysis, legal precedents and tools available to pinpoint and prosecute market manipulators. I’m excited to be working with Genius and now is the time to make a stand.
To align himself with his commitment to shareholder advocacy and long-term value creation, Mr. Malone has elected to take his compensation for this advisory role entirely in the form of Genius Group shares. “I’ve always believed in putting skin in the game,” said Mr. Malone. “By taking equity instead of cash, I’m aligning myself directly with the current and future shareholders. I’m here to stand with the retail investors from the $GME $QNTM, $BBBY, $MMTLP, and $AMC communities who’ve been pushing for transparency and accountability across the markets. Genius is preparing to take meaningful legal action, and I want to be fully invested in supporting that mission from the inside. This is about long-term commitment, accountability, and driving change where it’s needed most.”
Genius Group CEO, Roger Hamilton, said “I’m pleased to welcome Mr. Malone to the Genius team. Not only does he have extensive experience and expertise to offer our board, he also shares our passion for education. His charity focus on financial education is fully aligned with Genius Group’s mission of empowering humanity through education. That includes company board members, who should be aware of the potential misconduct taking place in the trading of their shares, and the measures they can take to protect their shareholders. Mr. Malone has already been a great help in this regard, and we look forward to working with him.”
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