IM Mastery Academy leaders arrested in Luxembourg
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 founder Chris Terry doesn’t appear to have been in attendance.
As reported by Today on June 7th, following the arrests Kirchberg Police confirmed;
An investigation has been launched for, among other things, failure to obtain an establishment permit.
The initiation of the investigation has been reported to the Public Prosecutor’s Office, which has subsequently issued an order for the seizure of relevant documents.
The arrested IM Mastery Academy leaders haven’t been publicly named.
A preliminary investigation into IM Mastery Academy has thus far revealed IM Mastery Academy is
targeting young secondary school students, enticing them with promises of stock market training in exchange for monthly payments.
The police have warned that involvement with such “academies” can have detrimental consequences for young people, leading some to abandon their education in pursuit of quick and effortless money-making opportunities.
IM Mastery Academy specifically targeting young people is believed to be the work of Alex Morton.
Morton developed the same marketing strategy in his previous company, Vemma. In Vemma Morton targeted students under “Young People’s Revolution” branding.
The FTC sued Vemma for being a pyramid scheme in August 2015. In doing so, the regulator specifically called out Morton’s marketing strategy;
Vemma Nutrition Company, that lures college students and other young adults with the prospect of getting rich without having a traditional 9-to-5 job.
The FTC seeks to stop the operation, which earned more than $200 million annually in 2013 and 2014 and has affected consumers throughout the United States and in more than 50 other countries, from continuing as an unlawful pyramid.
Swap out energy drinks for forex education and securities fraud, and this is pretty much what Morton has continued with IM Mastery Academy.
As to why IM Mastery Academy held a marketing event after CSSF issued a fraud warning, they were probably expecting a repeat of Spain.
Following the arrest of top IM Mastery Academy leaders in Spain in March 2022, a marketing event was held in Barcelona later that same month. Spanish authorities failed to intervene.
Turns out Luxembourg wasn’t willing to turn the same blind eye to fraud Spanish authorities did.
IM Mastery Academy’s next major marketing event is scheduled for early September in Croatia.
In the US, IM Mastery Academy and Chris Terry are the subject of an ongoing FTC consumer protection investigation.
Several former Generación Zoe “leaders” joined IM as early as December 2021. (Photos in Panama Luxury Resorts confirmed the suspicions)
IM Mastery Academy Colombian “leaders” abandoned ship long ago and these people are having a “spared no spense” event in Croatia?
Hey Uruguay, you have to take a hint, do what Luxembourg did here.
Many false articles circulate, this is called defamation. It is not by defaming information that you will be able to stop all this.
IM ACADEMY is a business with hundreds of thousands of people. The media are against it to frighten the population and try to sell their lying articles! You are the real scam of our company!
Feel free to point out anything false. Regurgitating silly conspiracy theories from your upline won’t get you far here.
IM Mastery Academy is a pyramid scheme committing securities fraud through automated trading. IM mastery Academy’s top promoters were recently arrested in Luxembourg, and IM Mastery Academy is under FTC investigation in the US.
These are statements of fact that you can verify yourself with IM Mastery Academy (insignificant retail customers, no SEC registration).
Sorry for your forthcoming financial loss!
The way I see it, apparently the only ones who benefit from forex are those with large capital investing accounts who can afford to lose some money on losing trades as they wait for the gains in profit, much like the banks do it.
The majority of new folks attracted to forex mlms with no idea about forex or trading, are basically “investing capital providers” for experienced traders.
The money new folks spend on monthly fees and forex courses are the money the experienced traders use to invest in their own accounts.
A newbie’s only chance of making money through forex is by marketing memberships to the forex opportunity in the hopes of generating enough money for trading.
In a nutshell, the newbies generally have no chance of making huge profits and mostly lose/blow up their accounts while they provide a steady flow of investing money for experienced traders.
It’s a clever hustle some experienced traders use to separate the clueless newbies from their money.