The FTC seems to have prematurely revealed it has launched a shopper safety enforcement motion in opposition to IM Mastery Academy.
I don’t have any particular particulars on the case to report as of but.
The press-release template on the FTC’s web site is dated Could twenty third, suggesting it was scheduled to publish later as we speak.
As per the screenshot above there aren’t any particulars accompanying the FTC’s press-release template, main me to imagine it was printed prematurely in error.
Regardless, we now know IM Mastery Academy is beneath federal regulatory investigation within the US.
BehindMLM reviewed IM Mastery Academy and recognized it as a pyramid scheme again in December 2019.
The “algorithmic buying and selling” facet of the enterprise provides potential securities and commodities fraud to IM Mastery Academy’s enterprise mannequin.
As of but although we don’t know if there’s a parallel SEC and/or CFTC investigations.
Again in 2018 the CFTC fined iMarketsLive $150,000 for commodities fraud. Proprietor Chris Terry rename the corporate to IM Mastery Academy shortly after.
Outdoors of the US, IM Mastery Academy has acquired regulatory consideration from Peru, Colombia, Spain (arrests), Seychelles and Poland.
I’ll be waiting for additional particulars on the FTC’s IM Mastery Academy case intently. Count on an replace (hopefully with full case data) later as we speak.
