The FTC is seeking coercive incarceration and entries of default against Iyovia co-owners Chris and Isis Terry.
Iyovia
is the second reboot of Chris Terry’s MLM pyramid scheme, formerly known as
iMarketsLive
and
IM Mastery Academy
.
The FTC and Nevada
filed suit against Iyovia the Terrys
in May 2025, alleging over $1.2 billion in fraud.
The FTC’s January 30th motion follows a hearing held on January 23rd which, despite being ordered to make an appearance, Isis Terry failed to attend.
The January 23rd hearing pertained to a previously filed show cause motion, in which the FTC urged the court to find the Terrys in contempt of a
granted preliminary injunction
.
The FTC’s show cause motion was officially granted in a January 26th order;
For the reasons stated on the record … I grant the plaintiffs’ motion for an order to show cause against the defendants for the failure to comply with the court’s preliminary injunction.
The FTC was ordered to file a supplemental brief by January 30th, which the Terrys were given until February 11th to respond to.
The court also addressed Isis Terry’s unexplained absence from the hearing;
Absent from the courtroom — and in direct violation of the court’s January 5, 2026 and January 22, 2026 order — was Isis Terry.
Isis Terry is also ordered to show cause explaining why she was not present during the hearing and any relevant information regarding her attempts to travel and comply with my January 5, 2026 order to appear.
The FTC filed its supplemental brief on January 30th. In the brief the FTC reiterated specific preliminary injunction violations, including
disclosing transfer of assets – “the Terrys have refused to provide this information”, with the Receiver identifying “upwards of $80 million in cryptocurrency” transferred to Chris Terry
lying about income – the Terrys claim they earned less than $13 million through Iyovia, however account reports analyzed by the Receiver indicate actual income was over $100 million;
personal property – failure to disclose “million of dollars of personal property”;
sworn accountings of foreign assets – failure to provide any accounting; and
trusts – refusal to disclose details of Auspicious Trust, holder of “significant assets” tied to Iyovia and predecessors;
The FTC argues the above violations were made in bad faith and justify sanctions.
For over five months now, Defendants have refused to provide information about their cryptocurrency transfers of tens of millions of dollars, and refused to disclose their jewelry, watches and other luxury goods.
They also refuse to acknowledge the existence of the Auspicious Trust or disclose the value of the assets held by the Trust.
Evidence of the Terrys’ willful disregard for the Court’s PIs is plentiful. The then-Monitor/now-Receiver stated in his Preliminary Report that “[t]he Terrys have been overtly uncooperative” and “have materially hindered our ability to complete the Monitor duties assigned by the PI.”
He
🤖 Quick Answer
What is the FTC seeking against the Iyovia co-owners Chris and Isis Terry?The FTC is seeking coercive incarceration and entries of default against Chris and Isis Terry, co-owners of Iyovia. This follows Isis Terry's failure to appear at a court-ordered hearing on January 23rd and the Terrys' alleged contempt of a previously granted preliminary injunction in the federal fraud case.
What is Iyovia and how does it relate to previous MLM schemes?
Iyovia is the second reboot of Chris Terry's multilevel marketing pyramid scheme, previously operating under the names iMarketsLive and IM Mastery Academy. The FTC and the state of Nevada filed suit against Iyovia and the Terrys in May 2025, alleging over $1.2 billion in fraud.
**Why did the FTC
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