Following the arrest of its Spanish leaders, IM Mastery Academy has attempted to distance itself.

The reason appears to be money, with IM Mastery Academy boasting a sold out event in Barcelona this weekend.

I
received notification of IM Mastery Academy’s response
a few days ago. I wasn’t able to verify the document however, so I held off publication.

In the last 24 hours at least one Spanish publication has picked up the release:

Estrategias de Inversion
provides a source link to Businesswire
, which appears to have been deleted sometime in the last 24 hours. Why IM Mastery Academy would issue a press-release and then quickly delete it is unclear.

Nonetheless it’s enough to provide independent verification, as the quoted text is the same as I received;

PRESS STATEMENT FROM IM ACADEMY IN RELATION TO INVESTIGATION INTO ITS INDEPENDENT BUSINESS OWNERS

IM Academy (IM) can confirm that a number of its independent business owners (IBOs) are currently subject to an investigation by the Spanish authorities.

Whilst this investigation does not involve IM Academy directly due to the independent nature of their business activities, we take this situation very seriously and will of course cooperate fully with any assistance required by the authorities.

IM Academy, which has been trading successfully in the country for more than 5 years and operates across the world, is committed to complying fully with in-country market regulations.

We are unable to make any further comments at this stage due to a legal process being in place.

IM Mastery Academy’s press-release, believed to have been issued on April 5th or 6th, is a response to the arrest of its “Awaken Dreamers” leaders.

Spain’s National Police
made eight arrests
in late March. The suspects have been charged with promoting a pyramid scheme, with the investigation uncovered targeting of students.

This is
eerily similar
to what Alex Morton got up to in Vemma, a pyramid scheme shut down by the FTC in 2015.

It should go without saying that IM Mastery Academy not knowing what its leaders are getting up to in any country is nonsense.

The key takeaway here is that IM Mastery’s Spanish Leaders have been charged with promoting a pyramid scheme.

The pyramid scheme
is
IM Mastery Academy
, making the “investigation does not involve IM Academy directly” claim ring hollow.

At least publicly, this is IM Mastery Academy abandoning its arrested Spanish leaders.

Why?

IM Mastery Academy has been charging up to €400 EUR for tickets to its “IM Beyond” Barcelona event.

One would think, in light of the arrests, that either IM Mastery Academy or Spanish authorities would move to cancel the event.

We can see from its public response that IM Mastery Academy has no intention of halting promotion. This reflects poorly on founder Christopher Terry’s business ethics but
isn’t unexpected
.

What’s surprising is the lack of action on the Spanish side.

IM Beyond is booked to take place at the Palau Municipal

🤖 Quick Answer

What actions did IM Mastery Academy take following the arrest of its Spanish leadership?
IM Mastery Academy attempted to distance itself from arrested Spanish leaders by issuing a press statement. The company subsequently deleted the official press release from Businesswire within 24 hours, though the statement had already been reproduced by Spanish financial publications, providing independent verification of its existence and content.

Why did IM Mastery Academy issue and then remove its press statement?
The timing suggested financial motivations, as IM Mastery Academy was promoting a sold-out event in Barcelona scheduled for the same weekend. The deletion of the Businesswire press release occurred shortly after publication, though the statement's contents were already documented by independent Spanish media outlets reporting on the leadership arrests.

🔗 Related Articles

- Eagle Gates Group’s Eddy McClough still at large, D. Keller trial date
- Details of Neil De Waal’s GSPartners fraud arrest
- Daniel Filho criminal case moved back to Massachusetts
- TVI Express owner Tarun Trikha arrested in India again
- Arrested IM Mastery Academy leaders in Spain named