According to The Hollywood Reporter, Warner Bros. has picked up I Am a Genius of Unspeakable Evil and I Want to Be Your Class President, to produce by Supernatural producer McG via Wonderland Sound and Vision.
"The premise centers on a chubby 13-year old boy who everybody assumes is the dumbest kid in the seventh grade. He really is an evil genius and the third-richest person on the planet, with a secret compound beneath his unsuspecting family's modest suburban home. He hides his identity to keep himself safe from his enemies and because he can't legally claim his empire until he turns 18.
The story concerns the boy's attempt to prove himself in the eyes of his do-gooder father by being elected class president. Unfortunately, the tactics he uses to stage coups in Central America prove to be less effective in running a middle-school campaign." Source: The Hollywood Reporter.