FTC seeking info from IM Mastery Academy’s Matthew Thayer
The FTC website entry for its IM Mastery Academy case has updated.
What we now know is the entry pertains to a petition to quash a civil investigative demand issued by the FTC.
The civil investigative demand was issued to Matthew Thayer.
Thayer resides in Minnesota. Recent posts on his FaceBook page suggest Thayer might have ditched IM Mastery Academy for My Daily Choice’s Akashx offering.
BehindMLM reviewed Akashx in September 2020. We raised the same securities fraud concerns with Akashx as we had previously for IM Mastery Academy.
Whether the FTC is also investigating My Daily Choice and Akashx is unclear.
In a February 2023 puff-piece on Flaunt, Thayer is pitched as “one of IM Mastery Academy’s most influential educators”.
Matthew Thayer is among the top HFX coaches and one of IM Mastery Academy’s most influential educators.
He is the creator of CashTrap, a strategy that helps users get quick-time market idea setups.
As per a May 22nd order, the FTC served Thayer the civil investigative demand on March 20th, 2023.
When the FTC began investigating IM Mastery Academy is unclear. What is highly likely though is Thayer is not the only individual tied to IM Mastery Academy to have received a demand.
As of yet though news of Thayer’s demand is the only filing that’s been made public.
With respect to the May 22nd order, Thayer has challenged the FTC’s civil investigative demand.
The FTC Commissioners have decided, “in order to give full consideration to the issues presented by” Thayer’s petition to quash the demand, to extend the deadline to issue an order on the petition by to June 5th.
That is, the FTC has until June 5th to either uphold or deny Thayer’s petition to quash the demand.
Beyond that, we don’t know the scope of the FTC’s investigation into IM Mastery Academy, or who else they’ve targeted.
IM Mastery Academy founder and CEO Christopher Terry and Chairman Elite Alex Morton are prime suspects.
I’m not really sure why Thayer’s challenge has triggered the FTC revealing it’s IM Mastery Academy investigation. This is the first time I’ve seen this so perhaps it’s a result of the Commissions extending the deadline to make a decision.
As far as MLM goes, we don’t typically see anything on the FTC’s website until a regulatory lawsuit has been filed.
Pending any further details on the FTC’s investigation and/or filing of a case, we’ll keep you posted.
I always check Behind MLM when I see an op that looks interesting. Many times there has been a review of that op and I have yet to see a positive review.
The reviews are all negative and with good reason, because to my knowledge not one of the ops reviewed have been proven to be legit.
Very few of them have lasted for several months never mind years.
Thanks for your keeping is informed.
Thanks for the support Douglas.
I’ll just reiterate as I do whenever this comes up: Neither “positive” or “negative” are editorial concerns for BehindMLM content. Accuracy is king and always will be.
LOL My Daily Choice will take anyone. They are so desperate.
They continue to bring on “leaders” who are out after 3-6 months when the “leaders” realize just how high the attrition rate really is.
Some of the promoters i.e. Wanda Webb and Randy Webb behind IM Academy, needs to be invested by the FTC as they are currently involved in various fraudulent investment and marketing practices under their platform triumphant exchange.
Firstly they lure potential investors to invest a certain amount of funds for e.g. $300 for a given return of $4500 on their platform, indicating that payments will be received after 3 days.
During the trade they not only inject additional capital to increase the return in the trade without the investors permission, but they also demand from the investor to pay more money as the trade return has now increased.
After this process, the investor will then need to make continuous payments for various and random fees, which they never communicate from the start of the process, in order to receive the return.
However, the most elaborate con of these scammers, is that on finally sending the profits to the investor, from their private and custom made network, to the investors crypto wallet.T
he investor on the receipt of their funds will soon find out that the tokens received are not only fake and can’t be used, even though the marketer will guise the transaction as a success story on their social platform, to make it look like the transaction was legit.
At this stage the investor will now have to recontact Wanda Webb and her team,to provide additional “technical support” to release the funds.
They pretend to assist, but instead their payment team will then send a fake support chat link, under a legitimate company for e.g. Coinbase, requesting additional funds in order to activate the crypto account wallet and these funds will need to be sent to an external crypto wallet address.
At the end of this scheme, the investor has lost all the invested funds.
The FTC needs to invest these fraudsters and their predatory practices as they are defrauding many persons of thousands of their hard earned dollars.
To those who are reading this be aware of these personnel and make an official report, to officially shut these scammers down.