09/04/2025 | Press release | Distributed by Public on 09/04/2025 12:00
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The Federal Trade Commission and the State of Nevada are taking action to stop a wide-ranging investment training and business venture scam that has bilked consumers out of more than $1.2 billion. According to the complaint filed by the FTC and the Nevada Attorney General, the scam currently operates as IYOVIA and has also used the brand names IM Mastery Academy, iMarketsLive, and IM Academy (collectively, "IML").
On Aug. 7, 2025, the FTC announced that three of the defendants, Global Dynasty Network, LLC, Jason Brown, and Matthew Rosa, agreed to a settlement of the allegations.
In August 2025, a U.S. District Court judge in Nevada has issued a preliminary injunction against the three companies that executed the IM Mastery Academy schemes and the two individuals who have led it, halting their activities and requiring them to preserve their assets.
Follow settlements with several other defendants, in September 2025, the FTC announced proposed settlements with defendants Alex Morton and Brandon Boyd.
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PRESS RELEASE: Three Defendants in the IM Mastery Academy Scheme Agree to Pay $2.5 Million to Settle FTC Allegations
PRESS RELEASE: FTC, State of Nevada Take Action Against IM Mastery Academy for Deceiving Consumers