In what seems to be one other try and distance itself from international regulatory fraud warnings, IM Mastery Academy has rebranded as Iyovia.
The change from IM Mastery Academy solely not too long ago occurred however Iyovia branded social media accounts had been created earlier this 12 months.
- Iyovia’s web site area (“iyovia.com”) was registered on August twenty sixth, 2024
- Iyovia’s YouTube channel was created in August 2024
- Iyovia’s official FaceBook web page was created in September 2024
Iyovia’s enterprise mannequin seems to be the identical as IM Mastery Academy’s; purported training packages tied to pyramid recruitment.
There’s no indication Iyovia is utilizing a special MLM compensation plan to IM Mastery Academy.
Absent on Iyovia’s new web site, which nonetheless operates from IM Mastery Academy’s “im.web site area, is possession/govt particulars and disclosure of regulatory fraud warnings.
IM Mastery Academy is run by US nationwide Christopher “Chris” Terry.
The corporate started as iMarketsLive, however rebranded to IM Mastery Academy following a CFTC commodities fraud enforcement motion in 2018.
BehindMLM has maintained Chris Terry is working a pyramid scheme since our authentic 2013 iMarkets Stay evaluate. We expressed securities fraud issues in our second 2017 iMarketsLive evaluate.
The 2018 CFTC enforcement motion confirmed further commodities fraud.
BehindMLM famous the 2019 IM Mastery Academy rebranding was “a compliance step backward from our final 2017 evaluate”.
What IM Mastery Academy is providing right now is extra aligned with their preliminary providing, which we acknowledged in our preliminary evaluate was “so out of compliance it was comical.”
That is mirrored in over a dozen fraud warnings and enforcement actions from regulators around the globe:
- October 2017 – Colombia points an iMarketsLive securities fraud warning
- November 2017 – Curaçao and Sint Maarten points an iMarketsLive pyramid fraud warning
- July 2018 – the UK points an iMarketsLive securities fraud “scammers” warning
- September 2018 – the CFTC recordsdata an enforcement motion in opposition to iMarketsLive, leading to a $150,000 nice
- December 2020 – Peru points a warning advising IM Mastery Academy is working illegally within the nation
- February 2022 – Colombia points an IM Mastery Academy securities fraud warning
- March 2022 – Spain arrests a number of IM Mastery Academy affiliate leaders
- August 2022 – Poland points an IM Mastery Academy pyramid fraud warning
- Might 2023 – the FTC discloses it’s investing IM Mastery Academy for violation of client safety regulation violations
- Might 2023 – Luxembourg points IM Mastery Academy securities fraud warning
- June 2023 – Luxembourg arrests a number of IM Mastery Academy promoter leaders
- September 2023 – Poland fees three IM Mastery Academy with “promotion of a pyramid-type promotional system”
- November 2024 – Quebec, Canada points an IM Mastery Academy securities fraud warning
In a November sixth Iyovia advertising video, that includes an emphasised voice crack for some purpose, Chris Terry urges promoters to “lower off the previous”.
As of October 2024, SimilarWeb tracked ~301,000 month-to-month visits to IM Mastery Academy’s web site.
20% of IM Mastery Academy’s web site visitors originated from the US, 18% from Japan, 16% from France, 15% from Brunei and 5% from Italy.
If I needed to guess, IM Mastery Academy rebranding as Iyovia most likely alerts we’re getting near the end result of the FTC’s investigation.
Iyovia might be a preemptive try and distance the rip-off from pending FTC fraud fees.
Alternatively 13 regulatory fraud warnings and enforcement actions may see Terry struggling to proceed working as IM Mastery Academy.
Each of the above theories is also true.
Pending any additional updates, we’ll maintain you posted.
