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General postFiled by NumberOne · July 1, 2026
FTC + Nevada: $1.2 billion in consumer harm, $90M asset surrender
The FTC and Nevada AG sued IM Mastery Academy (IYOVIA/iMarketsLive) and its principals in May 2025 for using false or baseless earnings claims to sell trading-education subscriptions and an MLM venture; the complaint puts worldwide consumer harm above $1.2 billion. A federal court granted a preliminary injunction in August 2025, and in May 2026 the FTC announced the lead defendants, including founders Chris and Isis Terry, will surrender assets valued at nearly $90 million to settle. Receipts below: the FTC's own press releases and case page, plus the 2018 CFTC fine.
