In May 2025 the US Federal Trade Commission (FTC) and the State of Nevada filed a complaint against operators behind IYOVIA — also known in earlier branding as IM Mastery Academy, IM Academy and iMarketsLive. According to the FTC’s public announcement, the complaint alleges more than $1.2 billion in consumer harm since 2018 from investment training and a multi-level marketing venture sold with false or unsupported earnings claims.
The alleged pitch is familiar: social posts full of lifestyle theatre, promises of quick money from forex, crypto or shares, and paid “education” that can run to hundreds of dollars a month. The FTC says many so-called educators were salespeople without meaningful credentials, and that recruits were pushed to sell the same training downline. Court papers are allegations unless and until a court rules; read them as a warning label, not as a finished verdict.
If someone invites you into a rebranded academy with luxury car montages and a subscription that auto-renews, pause. Ask for a written income disclosure that matches ordinary members, not stage earners. Check the FTC case pages and your local consumer body under every name the group has used. Be wary of pressure aimed at students and first-job adults who are still building a financial baseline.
Paying for charts is optional. Paying for a recruitment ladder dressed as mentorship is how these funnels scale.
If this pattern matches something you’ve been offered, start at Get help. If someone is already pitching “recovery”, read Fake recovery before you pay another fee.
This article is for general information only. It is not legal or financial advice. Details change. If you have lost money, contact your bank or card issuer and use the routes on the help pages.