When the FTC filed an emergency motions seeking sanctions on August 28th, it accused Iyovia founder Christopher Terry of dissipating $9 million dollars.

Prior to the granting of a preliminary injunction on August 12th, Terry transferred $9 million to Auspicious Irrevocable Trust (Auspicious).

So the FTC argued, Iyovia funds were being dissipated through Auspicious in violation of the since-granted preliminary injunction.

The FTC’s motion for sanctions was denied on September 3rd. Recent filings however have shed light on what appears to be Terry’s plan to keep consumer funds misappropriated through Iyovia, IM Mastery Academy and iMarketsLive.

Possibly in anticipation of authorities shutting Iyovia down, Terry and Isis De La Tore (now Chris’ wife, Isis Terry), created Auspicious in 2019.

As I understand it, the Terrys have been funneling funds misappropriated through Iyovia through Auspicious since it’s creation.

The Terry’s maintain they have no control over the what Auspicious does. Indeed in response to the FTC’s contempt motion, the Terry’s argued they weren’t responsible for what Auspicious does. More on that later.

After being contacted by the FTC following granting of the preliminary injunction, Preston Sterling Kerr (right), Distribution Trustee of Auspicious, filed a Motion to Intervene on August 20th.

In his motion, Kerr provides further insight into how Auspicious operates;

On or about February 10, 2019, Defendants Christopher Terry and Isis De La Torre (hereinafter the “Grantors”) created the Trust.

In doing so, they irrevocably relinquished control over the Trust assets and appointed two independent trustees: P. Sterling Kerr (Distribution Trustee) and Cayman Software Design USA LLC (Management Trustee).

During their lifetimes, the Grantors are beneficiaries of the Trust. However, the Trust is a spendthrift trust governed by Chapter 166 of the Nevada Revised Statutes.

As such, the Grantors do not have the direct right to distributions from the Trust; such distributions must be approved by the Trustees. The Trust, by design, is insulated from Grantor control and is administered solely by its Trustees.

TL;DR: The Terry’s created Auspicious and deposit money into it. The Trust however is managed by purportedly independent trustees; Kerr and Cayman Software Design USA LLC.

If you’re still with me, we also have to add Terra Firma Development LLC and Dominant Consulting LLC. These are two companies owned by Auspicious… because reasons.

When the FTC contacted Auspicious, it put forth that Terra Firma Development LLC and Dominant Consulting LLC were subject to the preliminary injunction.

The FTC also sought purported “confidential information” in relation to Auspicious, presumably in relation to how it is set up and the flow of money within.

It is on this basis the Kerr seeks to intervene in the FTC’s Iyovia case, arguing that Auspicious’ interests are not adequately represented. Kerr also argues the Iyovia preliminary injunction can’t apply to Auspicious unless it is made a party to proceedings.

On September 3rd, the FTC filed its response to Kerr’s Motion to Intervene.

Things immediately get murky, with the FTC revealing that Kerr’s attorney indicated to them “she would be seeking a $250,00 retainer from” Auspicious.

Next the FTC reveals that Auspicious isn’t as independent as Kerr represents it is.

Kerr himself, up until August 15th, 2025, was legal counsel for Iyovia and the Terrys.

Kerr’s firm, Kerr Simpson Attorneys at Law, has served as counsel of record for IML [Iyovia] Defendants in two dozen actions since 2018.

Cayman Software Design USA LLC? Christopher Terry is the sole manager of the company. I.e., Cayman Software Design USA LLC is Christopher Terry.

Furthermore the FTC puts forth that Terry, in his capacity as “Trust Protector”, removed Cayman as Auspicious’ Management Trustee in December 2022.

In Cayman’s place Terry appointed Afflatus Holdings LLC, a Nevada company he jointly owns with wife Isis.

Afflatus’ formation documents state that Christopher and Isis Terry are Afflatus’ managing members.

Afflatus’ operating agreement (executed by Christopher Terry as “Managing Member”) indicates that Afflatus’ members are the Terrys, each holding a 50% interest.

So we’ve gone from Kerr asserting that while the Terrys own Auspicious, they have no control over it, to Auspicious being run by the Terrys and their, up until a few weeks ago, personal attorney.

Look I’m not intricately familiar with Nevada trust law, but creating a trust fund you acknowledge you are the primary beneficiary of, to squirrel away funds misappropriated from consumers, whilst also pretending you have no control over said trust fund… seems incredibly suss.

As far as I can tell Chris Terry’s gameplan since 2019 has been to deposit misappropriated consumer funds into Auspicious in anticipation of authorities taking action, and then arguing they can’t touch the trust because it’s supposedly an independent entity.

If I may, Kerr’s law firm Kerr Simpson offers a “creditor protection” service on its website;

In Nevada, there is an important legal tool that can keep creditors from taking your hard-earned money and property.

The Nevada Asset Protection Trust (NAPT) — also known as a spendthrift trust or an NRS Chapter 166 Trust — allows asset owners to make specific assets invulnerable to creditor claims, while keeping the assets available to the owner at a later time.

I know “creditors” isn’t technically applicable here (“hard-earned” probably too) – but tell me the above otherwise doesn’t sound exactly like what the Terrys have put in place here.

And again, Nevada trust law isn’t my forte and I’m not a lawyer, but I don’t think “nyah nyah, we put the money we misappropriated into a trust fund – suck eggs!” should be a valid shield against the granted Iyovia preliminary injunction. Or the spirit of any regulatory related asset-freezing injunction for that matter.

I mean surely the Terrys aren’t the first alleged fraudsters who think they can hide ill-gotten wealth in a trust fund and call it a day? Surely…

At time of publication the court has yet to issue a ruling on Kerr’s Motion to Intervene. Stay tuned.