A federal court has handed a Temporary Receiver the keys to Chris and Isis Terry's sprawling empire of hidden assets—over $100 million stuffed into a labyrinth of shell companies and real estate holdings.
The Terrys, husband-and-wife founders of the scheme known as Iyovia, built an intricate machine to move money away from law enforcement. Court filings reveal they funneled more than $1.3 billion in revenue through fake LLCs and trusts while keeping bank accounts deliberately empty. They also paid Chris Terry's "live-in girlfriend" and other women to stay "loyal."
The FTC and state of Nevada moved to tighten the screws in October after discovering the full extent of the operation. A court-appointed monitor had been watching the Terrys since August, when the first preliminary injunction landed. That monitor uncovered something the Terrys thought they'd hidden well: text messages where Chris Terry basically confessed.
In March 2021, Terry texted IML vice president Jason Brown that the couple had moved assets into "LLCs…so it's hidden…Off grid…$12_14m…no taxes…no govt or anyone can search me on." He bragged that if he got sued, he'd appear destitute. "We have asset protection across the board," he wrote.
It was all a performance. The Terrys created the Auspicious Trust in February 2019 and then began stacking LLCs like dominoes. They pulled money directly from consumers deceived by the IML scheme—money meant for legitimate business went straight into Chris Terry's personal cryptocurrency wallets. The monitor found he took substantially more than $50 million in cryptocurrency alone.
Terry bought twenty-plus properties around Las Vegas with stolen consumer funds, titling many of them under Dominant Consulting Group. He purchased a mansion in Henderson, Nevada for his girlfriend Keishia McLeod, making sure the LLC that owns it has only her name on it. Yachts and luxury vehicles followed.
At his deposition, Terry didn't deny any of it. He just sat there and talked about the properties like he'd earned them honestly.
The scheme worked because the Terrys knew exactly what they were doing. The FTC and Nevada argued in their October 16th motion that this wasn't sloppy money laundering—it was methodical, years-long asset concealment designed to keep law enforcement chasing shadows.
Now a Receiver controls it all. Bank accounts that looked empty to the monitor will be searched. Properties titled to shell companies will be untangled. The mansion McLeod lives in will be seized. The Terrys' cryptocurrency wallets are locked.
The preliminary injunction had already forbidden the Terrys from moving "substantial sums of money" or transferring assets overseas. That wasn't enough. The court needed someone inside the operation.
The Receiver now has that access. And Chris Terry's carefully constructed off-grid fortress of hidden wealth is crumbling.
🤖 Quick Answer
What action did the federal court take regarding Chris and Isis Terry's assets?A federal court appointed a Temporary Receiver to assume control over assets exceeding $100 million belonging to Chris and Isis Terry. These assets were concealed within a network of shell companies and real estate holdings connected to their enterprise known as Iyovia, following enforcement actions by the FTC and the state of Nevada.
How did Chris and Isis Terry allegedly conceal their revenue?
Court filings indicate the Terrys funneled more than $1.3 billion in revenue through fraudulent LLCs and trusts while deliberately maintaining empty bank accounts. This elaborate structure of shell entities was designed to obscure the movement of funds and place assets beyond the reach of law enforcement authorities.
What is Iyovia in relation to the Terry case?
Iyovia is the name associated with the scheme founded by husband-and-
📰 Aggiornamenti e Notizie Correlate
(aggiornato al 17/04/2026)1. FTC bans hidden fees for live events and short-term rentals, effective May 12 - TechCrunch — Mon, 05 May 2025 21:17:46 GMT
FTC bans hidden fees for live events and short-term rentals, effective May 12 | TechCrunch FTC bans hidden fees for live events and short-term rentals, effective May 12 | TechCrunch FTC bans hidden fees for live events and short-term rentals, effective May 12 The U.S. Federal Trade Commission (FTC) …2. Failure Of Charging Orders Leads To Receiver Taking Over LLCs In Verrichia - Forbes — Fri, 29 Aug 2025 05:00:09 GMT
As part of its efforts to collect the judgment, the creditor obtained charging orders against Thomas' interests in numerous LLCs. The creditor apparently did not, however, realize any benefit from these charging orders since the entities made no distributions. Thus, the creditor sought an expansion …3. FTC Updates September 2 – 26, 2025 - retailconsumerproductslaw.com — Mon, 13 Oct 2025 16:19:54 GMT
* The FTC issued a proposed order against Alex Morton (IM Mastery executive vice president of sales) and Brandon Boyd (IM Mastery salesman) following a complaint alleging that the two individuals led an IM Mastery Academy scheme that involved false claims of high earning potential to persuade consum…4. FTC Updates November 17 – 21, 2025 - retailconsumerproductslaw.com — Mon, 01 Dec 2025 16:44:23 GMT
A federal court granted most of the FTC’s request for summary judgment against Seek Capital and Ferman, finding that the misrepresentations violated the Federal Trade Commission Act, Telemarketing Sales Rule, and Consumer Review Fairness Act. The FTC’s final order bans Seek Capital and Ferman from p…5. Buccaneers' Chris Godwin takes major step in return from injury - sportingnews.com — Thu, 18 Sep 2025 21:25:47 GMT
* Privacy Policy # Buccaneers' Chris Godwin takes major step in return from injury A major question that fans have been curious about is the status of wide receiver Chris Godwin. ## Chris Godwin logs second straight practice for first time since season-ending injury In the Tampa Bay Buccaneers' prep…6. Debtor Brooksby Goes To Jail For Contempt In The Estates Bid-Rigging Case - Forbes — Sat, 30 Aug 2025 22:58:22 GMT
The court then noted that its receivership order required Mr. Brooksby, his trust and KFE to turn over all their assets to the receiver as well as deliver all their books and records to the receiver. The court next moved to the remedies that it would impose and noted that Brooksby had shown that he …🔗 Related Articles
- ZiNRAi Review: Jason Brown’s Iyovia spinoff
- TVI Express kingpin arrested in South Africa
- Michael Force cops $54 mill Digital Altitude judgment, stripped of assets
- Acre PP: TelexFree under investigation in the US
- Agreed preliminary injunction entered against Eric Pinkston
Michael Force