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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.

IM Mastery Academy has received a securities fraud warning from Quebec’s Autorite des Marches Financiers (AMF). As per AMF’s October 18th IM Mastery Academy fraud warning;

Three IM Mastery Academy promoters in Poland have been charged with promoting a pyramid scheme.

Four days after Luxembourg’s Commission de Surveillance du Secteur Financier issued a securities fraud warning, IM Mastery Academy held a marketing event in Kirchberg on May 29th. Police raided the event, which targeted “young students”, after receiving complaints from parents. The raids led to the arrest of several organizers of the event. IM Mastery Academy’s [Continue reading…]

IM Mastery Academy has received a securities fraud warning from Luxembourg’s Commission de Surveillance du Secteur Financier. As per the CSSF’s May 24th warning;