IM Mastery Academy/iMarketsLive
TINA.org investigated International Markets Live, Inc., otherwise known as iMarketsLive, IML, or IM Mastery Academy, a New York-based multilevel marketing company that sells Forex and cryptocurrency trading software and educational products, and found that it used unsubstantiated and exaggerated income claims to market its business opportunity.
Highlights
- Notified company of findings
- Filed complaint with the DSSRC
- DSSRC issued report finding that company was engaged in deceptive marketing
Timeline
2020
September 9
The DSSRC issues a decision finding that IML and its distributors were making inappropriate income claims to promote the company’s business opportunity and recommends that the company “engage in effective training and monitoring of its [distributors] and use appropriate enforcement procedures to provide reasonable assurance that earnings claims made by its [distributors] are substantiated, contain appropriate disclosures and are not misleading.”
2019
December 5
TINA.org files a complaint with the DSSRC urging it to investigate IML’s deceptive income claims and take action.
2018
June 5
TINA.org contacts company regarding findings of atypical income claims.
Evidence
Featured
What You Should Know about iMarketsLive
Questionable leaders and international bans are just the tip of the iceberg for this forex trading MLM.
The Latest
Time Freedom Is The New Financial Freedom
Why the MLM industry should avoid the term.
IM Mastery Academy Can’t Outrun Foreign Financial Actions
A name change is unlikely to alter the fact that this forex trading MLM is not welcome in several countries.
How MLMs Exploit Consumers During a Pandemic
Deceptive earnings claims edition.
iMarketsLive Financial Document Debunks Income Claims
MLM’s long-awaited income disclosure statement, while confusing, packs some hard truths.
Vemma Reaches Settlement Agreement in FTC Pyramid Case
Company struggled under court-mandated customer-focused business structure.
TINA’s List
Readers have told us to look into these MLMs.