Iyovia defendants Jason Brown, Matthew Rosa and their company Global Dynasty Network, have settled fraud allegations brought by the FTC and State of Nevada for $36 million.

In their capacity as Iyovia promoters, the FTC and Nevada sued Brown, Rosa and Global Dynasty back in May.

The FTC and Nevada allege Iyovia was “a large deceptive investment training scheme”, through which Brown and Rosa (right) misappropriated over $33 million.

Specifically, the FTC and Nevada charged Brown and Rosa with violations of the Restore Online Shopper’s Confidence Act, USC, the Telemarketing Act, the FTC’s Telemarketing Sales Rule and the Nevada Deceptive Trade Practices Act.

In settling with the FTC, Brown (right) and Rosa consented to “[t]he facts alleged in the [FTC’s and Nevada’s] Complaint will be taken as true”.

The $36 million settlement judgment was ordered by the court on August 7th. Based on sworn January 2025 financial statements from Brown and Rosa, the pair are only required to pay $2.5 million of the judgment amount.

In addition to a monetary penalty, Brown and Rosa are also subject to a permanent injunction.

The injunction prohibits Brown and Rosa from:

  • making misleading and/or unsubstantiated and/or illegally obtained earnings claims;
  • misrepresenting a “trading training service”, MLM opportunity and/or investment opportunity;
  • offering consumers “any good or service with a Negative Option Feature” without appropriate disclosures and obtained informed consent;
  • using telemarketing to deceive consumers; and
  • using consumer details obtained prior to August 7th “in connection with the sale of trading training services or business opportunities”

Brown and Rosa must also “fully cooperate” with the FTC and Nevada with respect to their Iyovia fraud case. This includes appearing for any subsequent interviews, hearings and trials of other Iyovia defendants.

A compliance report is due one year from August 8th. This includes disclosing Brown’s and Rosa’s business activities (MLM or otherwise).

Any change to Brown’s or Rosa’s personal details and/or business activities must be reported to the FTC and Nevada till 2035.

Around the time the FTC and Nevada filed their Iyovia Complaint, Rosa was promoting something called “The Shift”.

The Shift’s website, hosted on “theshiftlaunch.com”, hasn’t been updated since the FTC filed suit.

As above, Iyovia defendant Alex Morton was also part of The Shift. Pending Commission approval, Morton settled with the FTC last month.

In a social media post dated July 26th, Rosa claimed business was “BOOMIN”:

It’s unclear what business Rosa was referring to. It would seem unlikely The Shift would still go ahead but, at time of publication, the status of The Shift remains unclear.