Last November the long-running forex scam IM Mastery Academy
rebooted as Iyovia
.

No official reason was given for the rebranding, prompting me to speculate;

If I had to guess, IM Mastery Academy rebranding as Iyovia probably signals we’re getting close to the outcome of the FTC’s investigation.

On May 1st the FTC and Nevada
filed a joint suit against IM Mastery Academy
, alleging over $1.2 billion in fraud.

The FTC’s filed lawsuit names IM Mastery Academy (dba Iyovia), its executives and several promoters as defendants;

International Markets Live Inc, dba Iyovia, iMarketsLive, IM Mastery Academy, IM Academy, IM Mastery Academy LTD

Assiduous Inc – Delaware shell company affiliated with iMarketsLive, solicits cryptocurrency payments for IM Mastery Academy/Iyovia

Global Dynasty Network LLC (GDN) – Nevada shell company owned by Jason Brown and Matt Rosa, received $33 million from IM Mastery Academy/Iyovia

Christopher Terry – IM Mastery Academy/Iyovia founder, co-owner and CEO

Isis Terry, fka Isis De La Torre – Chris Terry’s wife and co-owner of IM Mastery Academy/Iyovia

Jason Brown – top IM Mastery Academy/Iyovia promoter and officer

Alex Morton – top IM Mastery Academy/Iyovia promoter and officer, received over $76 million from IM Mastery Academy/Iyovia

Matthew Rosa – IM Mastery Academy/Iyovia promoter and Global Dynasty Network LLC member

Brandon Boyd – IM Mastery Academy/Iyovia promoter

The FTC’s case cites alleged violations of FTC Act, Telemarketing and Consumer Fraud and Abuse Act, Restore Online Shoppers’ Confidence Act and Nevada Deceptive Trade Practices Act.

For a detailed history of how we arrived at IM Mastery Academy and Iyovia (BehindMLM has
documented Terry’s fraud since 2013 as iMarketsLive
, refer to the linked Iyovia reboot article above).

As alleged by the FTC;

Since at least 2018, Defendants have operated a large deceptive investment training scheme targeting young adults, including Black and Latino consumers.

Defendants represent that IML instructors will teach consumers how to make significant income trading in the foreign exchange, binary options, cryptocurrency, and stock markets (IML’s “Trading Training Services”).

Defendants, however, lack support for their lavish, and often made up or false, earnings representations. In truth, a substantial percentage of purchasers of the Trading Training Services lose money trading, on top of the hefty sum they pay IML.

Furthermore, many of IML’s instructors are not successful traders. And Defendants’ own data show that the vast majority of IML salespeople lose money or make negligible income.

The FTC alleges IM Mastery Academy/Iyovia and its previous incarnations have defrauded consumers out of over $1.242 billion since 2018.

Defendants profit handsomely from the deceptive earnings claims of their salespeople, which have generated more than $1.242 billion in worldwide sales since 2018.

Instead of disciplining or terminating high-earning salespeople when confront

🤖 Quick Answer

What is the FTC lawsuit against IM Mastery Academy?
On May 1st, the FTC and Nevada filed a joint lawsuit against IM Mastery Academy, also operating as Iyovia, alleging fraudulent activities totaling over $1.2 billion. The defendants include the company executives and multiple promoters, with charges involving solicitation of cryptocurrency payments through affiliated shell companies.

Why did IM Mastery Academy rebrand as Iyovia?
IM Mastery Academy rebranded as Iyovia in November, though no official explanation was provided. The rebranding occurred amid ongoing FTC investigation into the company's forex trading operations and fraudulent practices spanning several years.

Which entities are named in the FTC lawsuit?
The lawsuit names International Markets Live Inc (operating under multiple names including Iyovia, iMarketsLive, IM Academy), company executives

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