The assets of ten companies in the Genesis group will remain frozen until the conclusion of hearings in the U.S. Federal Trade Commission (FTC) case, according to an order by the Northern District of California District Court.
In an order dated July 2, the court confirmed the continuation of a preliminary injunction against ten companies, including Universe Group, Obrio, and AMO. The decision also affects Genesis co-founders Volodymyr Mnogoletniy, Vasyl Ulyanov, and Stamatis Skiadnias. According to Forbes, the defendants did not appear at the hearings.
This order is an extension of a temporary injunction issued on June 4. Prior to this, on June 30, several legal entities, including Universe Group, Obrio, and AMO, as well as other defendants such as Oksana Kucher, Iryna Oleksyn, Olga Harbuzenko, Rostyslav Ivanytsia, and Viktoria Savchuk, voluntarily agreed to similar restrictions.
The FTC accuses Genesis of running a portfolio of deceptive subscription schemes through a network of companies since 2020. These companies are registered in Cyprus and operate in Ukraine. According to PayPal, about 8 million dollars are frozen in accounts connected to the defendants, and JP Morgan Chase has frozen assets worth about two million dollars.
Further actions in the case will include the submission of written proposals by the parties by August 25, 2026, and the first case management conference on September 1, 2026.
According to experts, the typical trajectory of such cases involves reaching a settlement. It is known that similar paths were followed by companies like Adobe, Amazon, and Shutterstock, continuing operations after that. However, the timeline for resolving the dispute is difficult to predict; it could take months or even years, depending on the willingness to negotiate with the FTC.
| Key Dates | Event |
|---|---|
| August 25, 2026 | Submission of written proposals by the parties |
| September 1, 2026 | First case management conference |
| 2020 | Start of deceptive subscription schemes according to FTC |
