HE SOLD THEM LAMBO DREAMS — NOW HIS MISTRESS HAS HANDED BACK A LAMBORGHINI, A DIAMOND TIARA AND $5.58 MILLION: INSIDE THE $1.2 BILLION IM MASTERY ‘TRADING’ PYRAMID THAT FED ON YOUNG PEOPLE

HE SOLD THEM LAMBO DREAMS. NOW HIS MISTRESS HAS HANDED BACK A LAMBORGHINI, A DIAMOND TIARA AND $5.58 MILLION IN CASH — WHILE HE AND HIS WIFE SURRENDER NEARLY $90 MILLION IN LUXURY HOMES, A YACHT AND A 15-CARAT DIAMOND RING. That is where the biggest financial-training scam of the decade has ended up: not in a courtroom victory for victims, but in an asset-stripping fire sale ordered by the Federal Trade Commission and the State of Nevada against the ringleaders of a scheme that generated MORE THAN $1.2 BILLION since 2018 — paid mostly by young people who were promised financial freedom and delivered a bill instead.

MEET THE “TRADING GURUS” WHO ATE A BILLION DOLLARS

Christopher Terry and Isis Terry were the face of the operation known most recently as IYOVIA, and before that as IM Mastery Academy, iMarketsLive and IM Academy — a multi-level marketing empire that sold “training” on how to trade financial markets (FTC press release, 13 May 2026). The pitch was the oldest con in the book dressed in a suit: pay to learn how to get rich, then recruit other people to pay to learn how to get rich. The FTC and Nevada Attorney General allege the whole machine was built on FALSE AND BASELESS EARNINGS CLAIMS — and the numbers are staggering. BehindMLM, which has tracked the Terrys for years, puts the alleged fraud at $1.2 billion through iMarketsLive and its successor brands.

The most cynical part? The defendants focused their deceptive marketing on YOUNG PEOPLE, flooding social media with posts flaunting private jets, supercars and designer watches — all “proving” that trading and recruitment had made them fabulously rich. Kids scrolling TikTok and Instagram were the target market. Their savings were the product.

THE BILL: A $795.8 MILLION JUDGMENT — AND A STRIP-DOWN OF EVERY TOY

On 13 May 2026, the FTC and Nevada AG announced settlements with five individual and corporate defendants, including the Terrys, imposing a $795.8 MILLION JUDGMENT (FTC). To partially satisfy it, the defendants must surrender assets valued at NEARLY $90 MILLION, including (FOX5 Vegas, FTC):

• EIGHT LUXURY HOMES across New York, Nevada, Florida and Dubai;
• THIRTEEN HOME LOTS in a high-end real estate 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.

Add the money already clawed back from other defendants, and the total recovered or ordered is expected to top $100 MILLION (FTC). The remainder of the $795.8 million judgment is suspended — but the entire sum becomes due immediately if the Terrys are caught lying about their finances. They are also PERMANENTLY BANNED from selling trading-training services and investment opportunities, barred from making earnings claims without a reasonable basis, and hit with restrictions on telemarketing and negative-option billing (FTC).

THE MISTRESS ANGLE THAT MAKES THIS STORY UNMISSABLE

Here is where the fantasy collapses into farce. While Isis Terry lived in New York, Keishia McLeod — Chris Terry’s mistress — was living with him in Nevada and, according to the FTC, received funds and assets misappropriated from iMarketsLive victims. She was added as a relief defendant holding the money and assets “in constructive trust for the benefit of these consumers”. On 15 July 2026 McLeod signed a Stipulated Consent Judgment, approved by the court the next day, agreeing to pay back $5.58 MILLION and to surrender “settlement assets” that read like the contents of a cartel boss’s garage sale (BehindMLM, FTC stipulated order):

• A single-family home in Henderson, Nevada;
• A 1963 Chevrolet Impala;
• A Lamborghini Huracan;
• A diamond tiara and a diamond ring;
• Gym equipment, and a piano and musical studio equipment.

The court-appointed Receiver has been ordered to “promptly take all steps necessary to liquidate the settlement assets” — with the proceeds going towards the $5.58 million judgment (BehindMLM). Let that sink in. A Lamborghini bought with money the FTC says was funnelled out of a scheme that cheated young recruiters is now being sold off to pay the victims back. That is what “passive income” looks like from the pointy end.

HOW THE EMPIRE FELL — THE FULL TIMELINE

This was not a surprise raid. It was a slow, ugly collapse:

• May 2025: the FTC and Nevada AG file their complaint alleging the scheme used false earnings claims to sell trading training and an MLM venture (FTC).
• August 2025: a preliminary injunction freezes the three companies executing the scheme and the Terrys (FTC).
• October 2025: the Receiver takes control of Chris and Isis Terry’s hidden assets (BehindMLM).
• November 2025: a modified injunction imposes a receivership and an asset freeze on the Terrys and their companies (FTC).
• January 2026: the FTC seeks coercive incarceration and default against the couple as the assets game drags on (BehindMLM).
• May 2026: the Terrys settle — $795.8 million judgment, ~$90 million in assets surrendered (FTC).
• July 2026: Keishia McLeod’s $5.58 million settlement and asset surrender are approved (BehindMLM).

Earlier, the FTC and Nevada had already settled with Global Dynasty Network LLC, Jason Brown, Matthew Rosa, Alex Morton (IM Mastery Academy’s executive vice president of sales) and Brandon Boyd — in a separate round that brought in $10.5 million (FTC case page).

READ THE QUOTE. THEN RAGE.

“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. The Commission will continue to aggressively target scammers who mislead the public and use every tool at our disposal to shut down harmful scams.” — Christopher Mufarrige, Director of the FTC’s Bureau of Consumer Protection (FTC).

Notice what is missing from that statement: a refund program. The victims of a $1.2 billion scheme are watching assets be liquidated and hoping to see a fraction of their money again — while the people who took it lived in eight luxury homes and wore a 15-carat rock bought with their deposits.

WHY THIS MATTERS — THE “TRADING GURU” EPIDEMIC

IM Mastery Academy is not an isolated freak show. It is the blueprint for the “financial freedom” influencer economy that floods social media in 2026: a smiling guru, a private jet, a promise of “passive income”, and a payment link. The FTC has spent years warning that MLMs that reward recruitment over genuine product sales are pyramid schemes — yet the recruiting-first model keeps finding new wrapping. iMarketsLive wanted to be a legitimate stock-market education firm. IM Mastery Academy wanted to be a startup. IYOVIA wanted to be a rebrand. It was the same scheme in three suits, and it generated more than $1.2 billion. That is not a business. That is a pipeline with people in it.

WHAT YOU SHOULD DO RIGHT NOW

1. SHARE THIS EVERYWHERE. Every teenager being DM’d by an “FX mentor” or a “trading coach” with rented Lamborghini photos is a potential victim. Send them this article. Show them what the Lamborghini actually was — a car being auctioned by a court-appointed Receiver to pay back people who believed the dream.
2. RUN THE THREE-QUESTION TEST BEFORE YOU PAY FOR ANY “TRAINING”. (1) Does the person offering it make most of their money from the training itself or from recruiting other trainees? (2) Can they show verified, audited trading results — not screenshots? (3) Does the pitch mention recruitment, commission tiers, or “building your team”? One “yes” to question three is a red flag. Two is a pyramid.
3. REPORT IT — IN THE US AND THE UK. In the United States, file a complaint with the FTC. If you were an IM Mastery Academy, iMarketsLive, IM Academy or IYOVIA customer, monitor the FTC case page for refund and redress information. In the UK, “trading education” schemes selling the dream of market riches are a classic Action Fraud report — and the Financial Conduct Authority runs a watch-list of unauthorised firms promoting exactly this kind of “investment training”.
4. READ THE COURT RECORDS YOURSELF. Start with the FTC press release, the FOX5 Vegas coverage, and the court-approved stipulated order for Keishia McLeod. The details are public. The maths is not classifiable.

$1.2 BILLION generated since 2018. A $795.8 MILLION judgment. NEARLY $90 MILLION in assets clawed back — homes, a yacht, 19 cars, a 15-carat diamond. A mistress paying back $5.58 million from a Henderson house, a Lamborghini and a diamond tiara. And thousands of young people left holding training certificates that are worth nothing. The Terrys have been banned from selling “trading training” forever. But the next iMarketsLive is already posting its first rented jet photo on Instagram. Do not let it be your kid, your sibling or your friend who believes it.