🚨 FTC ACCUSES IYOVIA: 1.2 BILLION USD CRYPTO TRAINING SCAM?
The Federal Trade Commission (FTC) and the Nevada Attorney General's Office have filed a lawsuit against IYOVIA (formerly known as IM Mastery Academy) for operating a disguised MLM financial training scheme, siphoning off more than 1.2 billion USD since 2018.
🔻 Tactics:
Teaching forex/crypto trading through thousand-dollar courses
Creating an image of 'financial freedom' on social media
Luring students into becoming sales representatives for the next course package (MLM)
📉 FTC states:
🔸 80% of participants earn <500 USD/year
🔸 Most lose money, lacking real skills
🧠 This is not just a lawsuit against one company, but a warning for the entire market:
"Not every crypto education platform is worth learning from."
💬 Have you ever seen a similar model?
How many 'academies' do you think are operating like this?
Source: Business Insider