Christopher and Isis Terry have settled iMarketsLive fraud charges with the FTC for $795 million.

iMarketsLive was a fraudulent MLM scheme launched in 2013. After the CFTC fined iMarketsLive $150,000 for commodities fraud in 2018, Chris Terry rebooted as IM Mastery Academy in 2019.

In an attempt to get ahead of FTC proceedings against IM Mastery Academy, Terry rebooted again as Iyovia in late 2024.

By this stage Terry had married Isis Terry, nee De La Torre, in an attempt to consolidate and shield ill-gotten gains.

In a lawsuit eventually filed in May 2025, the FTC alleged the Terrys, through iMarketsLive and its subsequent rebrands, defrauded consumers out of over $1.2 billion.

A proposed settlement filed on May 13th contains an injunction, permanently prohibiting the Terrys from selling trading services and investment opportunities.

With respect to any future businesses outside of those niches, the Terrys are also permanently prohibited from:

  • making misleading and/or unsubstantiated earnings claims or assisting others to do the same;
  • misrepresenting the description of a good or service;
  • promoting or offering for sale any good or service with a misrepresented or inadequately disclosed “negative option feature” (“if you do or say nothing you agree to our terms”);
  • not obtaining informed consent from consumers;
  • failing to offer a simple cancellation mechanism for any negative option features; and
  • misrepresenting earnings and/or making false or misleading statements during telemarketing calls

On the money side of things, a monetary relief judgment is rendered in favor of the FTC for $795.7 million. The judgment amount follows efforts by a court-appointed Receiver to dismantle  to conceal and shield assets from authorities.

To satisfy judgment, the Terrys will relinquish all known assets already frozen and/or recovered by the Receiver. This includes

eight luxury homes in New York, Nevada, Florida and Dubai; 13 home lots in a high-end real estate development near Las Vegas; 19 automobiles, including Range Rovers, BMWs, a Bentley and a Rolls Royce; a yacht; and jewelry including a 15-carat diamond ring and Richard Mille, Bulgari and Rolex watches.

The FTC has pegged the value of these assets at around $90 million, with liquidation efforts ongoing.

The rest of the iMarketsLive settlement amount is suspended, based on defendant depositions and sworn financial statements provided to the FTC.

Unfortunately as has been the case with recent MLM related FTC case resolutions, there is no civil monetary penalty in the iMarketsLive settlement. In fact the settlement will see the Receiver return $1.36 million to the Terrys.

The last hope the Terrys will actually be held accountable for defrauding consumers out of more than a billion dollars is criminal charges.

That said, while the Terrys did plead the fifth as part of FTC proceedings back in January, it remains unconfirmed whether the DOJ has opened a parallel criminal investigation.

No word on iMarketsLive victim redress yet, but there is a provision in the settlement pertaining to victim details. As per the settlement, the Terrys are required

to provide sufficient customer information to enable Plaintiffs to efficiently administer consumer redress.

Defendants represent that they have provided this redress information to the Commission.

If a representative of Plaintiffs requests in writing any information related to redress, Defendants must provide it, in the form prescribed by Plaintiffs, within 14 days.

The Terrys themselves are prohibited from benefiting from iMarketsLive, IM Mastery Academy or Iyovia customer information.

Looking forward, the Terrys are subject to ten years of compliance reporting and recordkeeping, pertaining to personal detail changes and corporate ownership interests.

Chris and Isis Terry signed the iMarketsLive settlement on April 1st, 2026. At time of publication the court has yet to approve the settlement.