Iyovia & Tmall Cinema pyramid fraud warning from Bolivia

Iyovia has received a pyramid fraud warning from Bolivia’s Autoridad de Supervision del Sistema Financiero (ASFI).

As per the
ASFI’s May 1st warning
…

…Iyovia is accused of running a “fraudulent pyramid scheme”. The ASFI goes on to advise Bolovian consumers to “avoid investing their resources” into Iyovia.

ASFI also cites TMall Cinema as a pyramid scheme. Tmall Cinema appears to be a collapsed
“click a button” app Ponzi
targeting Bolivia (website still up, withdrawals disabled).

Iyovia is a rebranding of IM Mastery Academy, seemingly in an attempt to get in front of an ongoing FTC investigation last year.

The FTC eventually
filed suit against Iyovia and founders Chris and Isis Terry
on May 1st, the same day ASFI’s warning came out.

Through multiple acts of fraud dating back to “at least 2018”, the FTC has accused Iyovia of defrauding consumers out over $1.2 billion.

Iyovia
subsequently collapsed
last week. No public announcement has been made.

Instead, Iyovia quietly emailed promoters on May 15th to advise MLM operations would be terminated on May 23rd.

🤖 Quick Answer

What is the Iyovia pyramid fraud warning from Bolivia?

What is the connection between Iyovia and IM Mastery Academy?
Iyovia is a rebranding of IM Mastery Academy, reportedly undertaken to preempt an ongoing Federal Trade Commission investigation. The FTC subsequently filed suit against Iyovia and its founders, Chris Terry and Isis Terry, on May 1st, coinciding with the date of Bolivia's ASFI warning.

**What is TMall Cinema and why was it flagged by ASFI

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