The FTC appears to have prematurely revealed it has launched a consumer protection enforcement action against IM Mastery Academy.

I don’t have any specific details on the case to report as of yet.

The
press-release template
on the FTC’s website is dated May 23rd, suggesting it was scheduled to publish later today.

As per the screenshot above there are no details accompanying the FTC’s press-release template, leading me to believe it was published prematurely in error.

Regardless, we now know IM Mastery Academy is under federal regulatory investigation in the US.

BehindMLM
reviewed IM Mastery Academy
and identified it as a pyramid scheme back in December 2019.

The “algorithmic trading” side of the business adds potential securities and commodities fraud to IM Mastery Academy’s business model.

As of yet though we don’t know if there’s parallel SEC and/or CFTC investigations.

Back in 2018 the CFTC
fined iMarketsLive $150,000 for commodities fraud
. Owner Chris Terry rename the company to IM Mastery Academy shortly after.

Outside of the US, IM Mastery Academy has received regulatory attention from
Peru
,
Colombia
,
Spain
(
arrests
),
Seychelles
and
Poland
.

I’ll be watching for further details on the FTC’s IM Mastery Academy case closely. Expect an update (hopefully with full case information) later today.

Update 23rd May 2023 – 
The FTC’s website has been updated.

We still don’t know anything about the FTC’s IM Mastery Academy investigation and lawsuit, but we do now know that the website entry
pertains to a civil investigative demand served on Matthew Thayer
.

Given we can’t confirm whether an FTC lawsuit has been filed, I’ve updated the article title to better reflect what is currently known.

🤖 Quick Answer

What enforcement action has the FTC initiated against IM Mastery Academy?
The FTC launched a consumer protection enforcement action against IM Mastery Academy, as revealed through a prematurely published press-release template dated May 23rd on the agency's website. The action addresses concerns regarding the company's business practices and operations.

What concerns surround IM Mastery Academy's business model?
IM Mastery Academy operates with an "algorithmic trading" component alongside its primary structure. Independent analysis identified the organization as a pyramid scheme in 2019, with potential implications for securities and commodities fraud allegations.

When was IM Mastery Academy initially identified as problematic?
BehindMLM published a review identifying IM Mastery Academy as a pyramid scheme in December 2019, preceding the FTC's formal enforcement action by several years, establishing a documented history of regulatory concerns.

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