THE $1.2 BILLION “FINANCIAL FREEDOM” SCAM IS OVER: IM Academy Ringleaders Stripped of Their Yacht, Rolls Royces and 15-Carat Diamond Ring

For years, the Instagram feeds of IM Academy — the multi-level marketing machine that has also branded itself as IM Mastery Academy, iMarketsLive and IYOVIA — were a carnival of stolen wealth. Dubai penthouses. A yacht. Bentleys. Rolls Royces. A 15-carat diamond ring the size of an ice cube. Every single one of those toys was bought with money squeezed out of YOUNG people who were promised a life of effortless “trading profits”.

Now the party is OVER.

On 13 May 2026, the US Federal Trade Commission and the State of Nevada forced ringleaders Chris Terry and Isis Terry — along with three corporate defendants — to hand back assets worth NEARLY $90 MILLION. And here is the number that should make your blood boil: this rotten machine has pulled in MORE THAN $1.2 BILLION SINCE 2018.

THE NUMBERS THAT MATTER

The FTC’s press release confirms the scheme generated more than $1.2 billion since 2018. The proposed order imposes a $795.8 MILLION JUDGMENT against the five main defendants. To partially satisfy it, the Terrys must surrender assets worth nearly $90 million — and once you add the money already paid by other defendants, the total clawed back tops $100 MILLION.

But here’s the kicker: the rest of that $795.8 million judgment is only suspended. If the Terrys are ever caught lying to the agencies about their finances, THE WHOLE THING COMES DUE. The FTC isn’t letting them keep a single dirty dollar they can’t account for.

HOW THEY HOOKED THE KIDS

This wasn’t a scam aimed at pensioners. The defendants deliberately targeted young people, flooding social media with posts flaunting luxury lifestyles — private jets, mansions, designer watches — all purportedly funded by trading profits and MLM commissions. The pitch: pay for “financial training” on how to invest in markets, then recruit others into the same dream. A textbook pyramid dressed up as a fintech academy.

Christopher Mufarrige, Director of the FTC’s Bureau of Consumer Protection, put it bluntly: “Today’s action reflects the Federal Trade Commission’s steadfast commitment to protecting our markets and consumers from deceptive schemes that take advantage of Americans seeking legitimate financial opportunities. Consumers should be cautious when encountering money-making opportunities that promise significant earnings, especially those spread on social media.”

Translation: SOCIAL MEDIA “GURUS” WHO BRAG ABOUT WEALTH ARE USUALLY BRAGGING WITH YOUR MONEY.

WHAT THEY WERE FORCED TO GIVE UP

Read this list and remember: every item represents a recruit who paid for “training” and got nothing.

• EIGHT LUXURY HOMES in New York, Nevada, Florida — and Dubai
• THIRTEEN HOME LOTS in a high-end development near Las Vegas
• NINETEEN AUTOMOBILES, including Range Rovers, BMWs, a Bentley and a Rolls Royce
• A YACHT
• Jewellery including a 15-CARAT DIAMOND RING and Richard Mille, Bulgari and Rolex watches

That is what a $1.2 billion scam looks like when you finally catch it. THE SWAG WAS THE ADVERTISEMENT. Every luxury item was a recruitment billboard standing on a pile of broken promises.

THE PAPER TRAIL

This didn’t happen overnight. The FTC and Nevada first sued in May 2025. A preliminary injunction followed in August 2025, and by November 2025 the court had imposed a receivership and an ASSET FREEZE on the Terrys and their companies. Meanwhile the FTC has been picking off the rest of the parade one by one: a $10.5 million settlement in September 2025, a $2.5 million settlement from three other defendants, and separate orders against Global Dynasty Network LLC, Jason Brown, Matthew Rosa, IM Mastery Academy’s executive vice president of sales Alex Morton, and salesman Brandon Boyd.

Now the two people at the very top — the ones who lived like royalty while their downline went broke — are BANNED from selling trading-training services and investment opportunities for good. They are also banned from making earnings claims without a reasonable basis, and hit with strict rules on telemarketing and negative-option billing.

WHY THIS MATTERS TO YOU

Somewhere in the world, right now, a teenager is watching a TikTok of a stranger in a Lamborghini telling them they can “trade their way to freedom” — and that the course costs just $1,000. The IM Academy case is the definitive proof that THESE PEOPLE ARE NOT SUCCESSFUL — THEY ARE CRIMINALS WITH GOOD PHOTOGRAPHERS.

Every single luxury asset seized in this case was paid for by a victim. When you see a “financial freedom” influencer flashing wealth, you are not looking at success. You are looking at the next defendant’s asset list.

WHAT YOU SHOULD DO

• If you or someone you know lost money to IM Academy / iMarketsLive / IYOVIA, check the FTC case page for refund information.
• Report scams and bad business practices at ReportFraud.ftc.gov — the FTC does pay out refunds to victims.
• NEVER pay for “training” from anyone who recruits you to recruit others. A real business makes money from customers, not from its own members.
• Demand the income disclosure statement BEFORE you sign anything. If the company can’t show you, in writing, what most people actually earn — WALK AWAY.

THE $1.2 BILLION MACHINE IS CRUSHED. THE YACHT IS GONE. THE DIAMOND RING IS GONE. AND EVERY “GURU” STILL RUNNING THE SAME PLAYBOOK IS NOW ON NOTICE: YOUR SWAG IS NEXT.