Three defendants involved in the IM Mastery Academy scheme have agreed to pay $2.5 million to settle allegations from the Federal Trade Commission (FTC) that they used false or unsupported earnings claims to convince people to purchase financial training programs and join a multi-level marketing business.
The FTC, along with the state of Nevada, filed a complaint alleging that the operation—most recently known as IYOVIA but also branded as IM Mastery Academy, iMarketsLive, and IM Academy—used deceptive claims about potential earnings to attract consumers. These claims targeted young people and were promoted through social media posts showing expensive lifestyles supposedly funded by trading profits and commissions from the marketing venture. According to the FTC, consumer losses since 2018 are estimated at over $1.2 billion.
Three defendants named in the complaint—Global Dynasty Network, LLC, Jason Brown, and Matthew Rosa—have agreed to settle. The FTC and Nevada allege that Brown and Rosa were among the highest-paid salespeople for IM Mastery Academy, made misleading earnings claims, and taught others how to do so without detection. The complaint states that Brown was also an officer of IM Mastery Academy who hired someone to post fake positive reviews under a pseudonym. Together, Brown and Rosa reportedly earned more than $36 million from the scheme through their company Global Dynasty Network.
According to the proposed order with Global Dynasty Network, Brown, and Rosa, there is a $36 million judgment that will be suspended after payment of $2.5 million; however, if they are found to have misrepresented their finances, they will owe the full amount.
The proposed order permanently bars Global Dynasty Network, Brown, and Rosa from making any representations about potential earnings without written evidence showing such results are typical for consumers; misrepresenting or helping others misrepresent any product or service; violating telemarketing rules related to earning potential or profitability; or offering products on a negative option basis without clear disclosure and consent before charging accounts.
"The Commission vote approving the stipulated final order was 3-0. The FTC filed the proposed orderin the U.S. District Court for the District ofNevada. Litigation with the other defendants is ongoing."
"NOTE: Stipulated final orders have the force of law when approved and signed by the District Court judge."
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