The board of directors of Genius Group (NYSE: GNS) today approved a distribution plan for future legal victory proceeds, which will be evenly distributed to shareholders for special dividends and bitcoin purchases. The company is currently engaged in two major lawsuits, a RICO lawsuit against LZGI International executives, claiming more than $750 million, and a lawsuit against naked selling short, with preliminary estimates of losses of about $250 million. CEO Roger Hamilton said the lawsuits are intended to compensate shareholders, so all proceeds will be distributed directly or reinvested for the benefit of shareholders. The company stressed that all distributions will comply with the relevant provisions of the SEC, NYSE and Singapore laws.