A federal judge in Nevada has issued a preliminary injunction against IM Mastery Academy, also known as IYOVIA, iMarketsLive, and IM Academy, as well as its leaders Chris and Isis Terry. The order halts the companies’ operations and requires them to preserve assets and records.
The Federal Trade Commission (FTC) and the State of Nevada filed a complaint in May 2025 alleging that the group used false or unsupported claims about potential earnings to encourage consumers to buy training on investing in financial markets. According to the FTC, similar claims were also used to recruit people into a multi-level marketing program for selling these training services. The agency estimates that consumer losses related to the scheme have exceeded $1.2 billion since 2018.
Under the preliminary injunction, Chris and Isis Terry and their companies must not make any earnings claim unless it is accurate at the time it’s made, backed by reasonable evidence, and written materials showing typical results are available upon request. They are prohibited from misrepresenting key facts such as required experience or capital, or refund policies; must clearly disclose all terms of any negative option transactions before obtaining billing information; and must comply with the FTC’s Telemarketing Sales Rule.
A court-appointed monitor will oversee compliance with these requirements.
Last week, three other defendants—Global Dynasty Network, LLC, Jason Brown, and Matthew Rosa—agreed to settle allegations related to their involvement in the same scheme.
FTC staff attorneys Tom Biesty, Laura Basford, Ron Brooke, and Josh Doan from the Bureau of Consumer Protection are handling the case.
The Federal Trade Commission states its mission is to promote competition while protecting and educating consumers. The agency reminds people it will never ask for money or make threats regarding fraud investigations. More information about consumer issues can be found at https://consumer.ftc.gov/, while fraud reports can be submitted at https://ReportFraud.ftc.gov/. Updates are available through social media channels and alerts from the FTC website.
