iMarketsLive @ BehindMLM

The FTC and Nevada have secured a preliminary injunction against the remaining Iyovia defendants on August 11th.

Brandon Boyd has settled Iyovia fraud allegations with the FTC for $6.3 million. Boyd’s monetary judgment was part of a stipulated order settlement, filed on August 20th.

Iyovia defendants Jason Brown, Matthew Rosa and their company Global Dynasty Network, have settled fraud allegations brought by the FTC and State of Nevada for $36 million.

Former top Iyovia promoter Alex Morton has consented to a preliminary injunction. Morton, one of nine defendants sued by the FTC and State of Nevada in May, stands accused of misappropriating over $76 million through Iyovia (formerly iMarketsLive and IM Mastery Academy).

Collapsed billion dollar MLM pyramid scheme Iyovia is failing to meet its financial obligations. Iyovia customer data is also being deleted and Iyovia co-founders Chris and Isis Terry have gone underground.

On May 15th Iyovia emailed promoters to advise it was abandoning its MLM opportunity on May 23rd. BehindMLM covered this development on May 22nd. Within hours of our article going live, Iyovia advised promoters it is “officially suspending operations”.

The Iyovia pyramid scheme has collapsed. No public announcement has been made but on May 15th, Iyovia quietly emailed promoters to advise MLM operations would be terminated on May 23rd.

Iyovia has received a pyramid fraud warning from Bolivia’s Autoridad de Supervision del Sistema Financiero (ASFI).

Last November the long-running forex scam IM Mastery Academy rebooted as Iyovia. No official reason was given for the rebranding, prompting me to speculate; If I had to guess, IM Mastery Academy rebranding as Iyovia probably signals we’re getting close to the outcome of the FTC’s investigation. On May 1st the FTC and Nevada filed [Continue reading…]

In what appears to be another attempt to distance itself from global regulatory fraud warnings, IM Mastery Academy has rebranded as Iyovia.