Iyovia Founders Collapse: Vanish, Financial Chaos Ensues
On June 17, 2025, the billion-dollar multi-level marketing (MLM) scheme Iyovia imploded, leaving customers and creditors in the lurch. The company, accused of defrauding over 2.4 million consumers worldwide of $1.242 billion since 2018, is now deleting customer data and failing to meet financial obligations. Co-founders Chris and Isis Terry have gone off the grid, while the Federal Trade Commission (FTC) pushes for a preliminary injunction to halt further damage.
FTC Slams Iyovia’s Deceptive Practices
The FTC’s June 16 filing paints a grim picture of Iyovia’s operations, alleging years of fraud and illegal conduct. The agency claims Iyovia, previously known as International Markets Live (IML), rebranded as IM Mastery Academy to dodge law enforcement after a 2018 Commodity Futures Trading Commission action. Chris Terry, in communications with co-defendant Jason Brown, admitted to rebranding to protect IML’s “dirty” reputation, planning to restructure finances offshore.
The FTC also highlights Iyovia’s failure to honor refunds and pay vendors, like a translator owed for recent work. Evidence suggests the Terrys used corporate funds to bankroll a lavish lifestyle, ignoring unpaid obligations.
Defendants Stall as Fraud Continues
On June 11, Iyovia defendant Brandon Boyd, joined by the Terrys and other corporate defendants, requested a four-month delay to respond to the FTC’s injunction motion. The FTC opposes this, arguing the defendants’ own records—produced during prior investigations—should suffice for a swift response. The agency warns that without an injunction, Iyovia’s leaders will likely continue their schemes, noting Boyd and others have already pivoted to a new MLM, Jifu, peddling similar trading training services.