Company: INVUP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011912
Chunk: 110

Company: Investview, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 110
---
 customer.

Separately,
iGenius members who purchased ndau digital currency through an Oneiro, N.A. Inc. (“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.

During
the fourth calendar quarter of 2021, we suspended any further offering of the TPP Program in connection with the sale of ndau after TPP
was unable to comply with our vendor compliance protocols, having cited certain offshore confidentiality entitlements by which it was
unwilling to provide evidence of its financial support arrangements. That suspension has remained in place as we have been unable to
further validate the continued integrity of the TPP Program and the vendor’s ability to honor its commitments to our members; despite
the payment of over $6 million to TPP to secure the benefits of the TPP Program. Our level of concern over the viability of the TPP Program
has recently increased materially as we have come to learn that: (i) certain of our customers have been unable to reach TPP in order
to process claims for their 5-year promised returns; (ii) certain customers have informed us that the TPP website has been inoperative
and customers have been unable to process their claims; and (iii) an email communication purportedly from TPP, or an affiliate thereof,
has been received by certain of customers in which the sender asserts that the obligations of TPP under the TPP Program were (unbeknownst
to us and our customers) purportedly dependent on the financial