In a final blow to Chris Terry’s years of planning to hide assets, a court-appointed Temporary Receiver has been made permanent.

From the court’s November 7th eighty-seven page order;

Defendants’ actions following the PI establish that they will likely continue to hide and dissipate assets if not relieved of control of those assets.

There is good cause to believe that Defendants have engaged in and are likely to engage in acts or practices that violate Section 5(a) of the FTC Act, 15 U.S.C. § 45(a), the Telemarketing Sales Rule (“TSR”), 16 C.F.R. Part 310, and Chapter 598 of the Nevada Revised Statutes, that ROSCA Defendants, as defined below, have engaged in and are likely to engage in acts or practices that violate Section 4 of ROSCA, 15 U.S.C. § 8403, and that the plaintiffs are therefore likely to prevail on the merits of this action.

Plaintiffs in this instance being the FTC and Nevada, who the court is of the opinion are likely to prevail against defendants Iyovia and sham husband and wife founders, Chris and Isis Terry.

Good cause exists for appointing a receiver over the Receivership Entities, freezing Defendants’ assets, and requiring Defendants to repatriate their foreign assets.

With the Terrys’ assets now ordered frozen and under control of the Receiver, it’s expected a settlement will be reached at some point. This would be in line with all other defendants in the case, each of whom have already settled.

Alternatively, depending on how much of his own Kool-Aid he’s consumed, Chris Terry might opt to get steamrolled at trial. Iris Terry seems to have gone along for the ride as long as the money flowed.

Now that’s come to an end, it’s unclear whether she’ll drop the facade and split from Chris.

Criminal charges related to potential tax fraud are also a possibility we’re keeping an eye open for.

Stay tuned for updates as BehindMLM continues to track the FTC’s and Nevada’s Iyovia civil fraud case.