Investview, Inc. announced that its Chief Executive Officer, Joseph Cammarata, and certain other of his business associates, have become the subject of recently announced civil and criminal charges purportedly related to activities involving a class action claims aggregator through a separate and unrelated entity called Alpha Plus Recovery, LLC. Immediately upon Investview becoming aware of these legal matters, the Company?s Board of Directors placed Mr. Cammarata on administrative leave and removed him from all duties and responsibilities, pending the Company?s own internal investigation of these matters in concert with the Company?s outside legal professionals. In light of the current situation and circumstances, Investview has appointed James R. Bell as the actingCEO to ensure business continuity and coordination of daily business operations. Since April of 2020, Mr. Bell, as a director of Investview, has been instrumental in the oversightof the Company?soperational turnaround to profitability. Mr. Bellwill be directly involved in the day to daymanagement of the operations of the Company and therefore Investview is confident that there shall be no disruption to its daily business operations or divergence from its operating goals and objectives.
Investview, Inc. operates as a diversified financial technology company. The Company, through its subsidiaries and distribution network, provides financial technology, education tools, content, research, and a digital asset technology company, which develops, operates, and supports blockchain technologies, with a focus on the Bitcoin blockchain ecosystem and the generation of digital assets. It delivers multiple services and products, both domestically and internationally, through a direct selling network of independent distributors. Its products and services are offered through a subscription-based revenue model to a large base of customers that it refers to as members. These services include research, analysis, and education regarding equities, options, foreign exchange market, exchange-traded funds, binary options, and cryptocurrency. It also offers access to education and software applications that are designed to assist its members in debt reduction, increased savings and others.