IM Mastery Academy Lead Defendants to Surrender Nearly $90 Million in FTC Settlement

The Federal Trade Commission (FTC) and the State of Nevada have announced a settlement requiring lead defendants in the IM Mastery Academy multi-level marketing (MLM) scheme, Chris and Isis Terry, to surrender assets valued at nearly $90 million.

The settlement resolves charges that the Terrys and their associated companies promoted financial training programs and an MLM venture using false or baseless earnings claims. This action aims to address the deceptive practices employed to persuade individuals to pay for these services.

The agreement mandates the forfeiture of significant assets, underscoring the FTC's and Nevada's commitment to combating fraudulent schemes. This resolution targets the core figures behind the alleged misleading promotions.