This review of Genesis AI (GNS) brings you proofs that this investment platform is fraudulent. We explain why you have to avoid it.
What is Genesis AI
Genesis AI quantitative trading platform is presented as an internet fund management company that is applying quantitative trading to the field of digital assets.
The Genesis AI company says that it was co-founded by Elwood and One Financial.
The minimum investment or the minimum pledge is 100 USD (USDT) and daily returns on investment vary between 0.2 and 1.4%.
GNS AI offers a money back guarantee on your investment. The company supposedly is regulated by the Monetary Authority of Singapore.
But is this all true, is Genesis AI legitimate? No, it is not, it is a pure scam.
Genesis AI scam
Genesis AI is not a real company, it has no profitable trading robots. In fact, it is very probably not doing any financial trading at all. We know for sure that Genesis AI is a scam that was built to steal your money. In this Genesis AI review we provide all the details.
Genesis AI says it was founded in the UK and that it has business in Singapore and Panama. While it is true that companies with this name are registered in the UK and Singapore, you have to know that these are only formal registrations that can be done online, they say nothing about the legitimacy of any company.
When you dig deeper, you will notice at least two major red flags concerning the company’s identity.
The first one that it provides no real contact information on its website. No address, no phone number. You will just get an e-mail address and social media accounts. That is not enough for an investment company.
What is also very alarming, is that GNS shows fake company photos on its website. Take a look at our picture below and you will see that they used stock photos while saying they show real company’s meetings. They lie about the photos, which is a huger problem.
Last but not least, the genesisquantify.com domain was first registered in July 2022, which shows it is a fairly new scam that is going to disappear quickly.
Not authorized and illegal
Genesis AI is a company that is providing crypto investment services. There is no doubt about that because they take your money and they promise that they will earn you more in financial trading.
This means that Genesis Capital needs authorizations from financial regulators in all countries they are present and they want to have clients in.
But when you search registers of the Monetary Authority of Singapore and the Financial Conduct Authority in the UK, you will see that Genesis AI is not authorized to provide any kind of financial services.
It means that the company is breaking the laws at least in Singapore and the UK and that it is an illegal investment service.
Fake money back guarantee
Not only is Genesis AI not regulated as required by the law, it also is lying about it. Because when you look at its „Money Back Guarantee“, you will see that they claim that everything was confirmed by the Monetary Authority of Singapore. Which is a lie!
Singapore’s financial regulator has not authorized Genesis AI in any way, let alone provided any confirmation of any guarantee.
The money back guarantee is totally fake, GNS gives no money back. In fact, it is doing the exact opposite, it is taking money from people and not paying anything back.
When you look at the Genesis Capital structure, promised ROI (returns on investment) and everything else, it’s clear that it is a huge scam.
It probably started as a Ponzi scheme, which means that if it ever was paying its users, it was just moving new deposits to older members for their payouts. Such a scheme always ends up in a total collapse, because it is unsustainable.
They all have been promising returns that go well above 1% per day, which always is a tell tale sign of an investment scam.
There is no legitimate human activity that can generate 1% daily returns on a sustainable basis, financial trading is not an exception.
You really can take this as a rule, if you see an investment offer with 1% or higher daily returns, it’s a scam and you should stay away.
Feedback from Genesis AI users tells us that the platform is not paying. When you deposit money, you will still see your account growing. But everything will be fake, there will be no real money in your trading account.
They will show you fake numbers on their platform. It’s when you try to withdraw money that you will see the true nature of the program. They will tell you different reasons why they can’t send you money right away.
They might say you are investigated for some bogus reason, or that you have to pay taxes before you can withdraw. But again, everything will be fake and they will just be trying to push you to send them even more money. Don’t do it, everything would be lost.
Genesis AI is doing all the transactions in cryptocurrencies, so they are irreversible. So when you get scammed by GNS, the only thing you can do is to report them to the police.
Genesis AI review – Conclusion
Genesis AI is not a real company, it is not authorized to provide investment services in any country and it is a total scam that is not paying its users.
Every deposit on the GNS platform will be lost, that is why you have to stay away from it.