iMarketsLive Fraud Settlement: Terrys Agree to $795 Million FTC Judgment
Christopher and Isis Terry have reached a settlement with the U.S. Federal Trade Commission (FTC) over massive fraud charges involving iMarketsLive. The monetary judgment stands at $795.7 million.
iMarketsLive was a fraudulent MLM scheme launched in 2013. After facing a $150,000 CFTC fine in 2018, it was rebranded as IM Mastery Academy in 2019, and later as Iyovia in late 2024.
FTC Allegations
The FTC accused the Terrys of defrauding consumers of over $1.2 billion through misleading trading education and investment schemes. The couple allegedly used multiple rebrands to continue operations and shield assets.
Key Terms of the Settlement
The proposed settlement, filed on May 13, 2026, includes a permanent injunction that bans the Terrys from:
- Selling trading services or investment opportunities
- Making misleading or unsubstantiated earnings claims
- Misrepresenting products or services
- Using illegal “negative option” tactics (auto-charging if you do nothing)
- Failing to get proper consumer consent or offer easy cancellation
- Making false statements in telemarketing calls
They must also follow strict compliance rules for the next 10 years.
Assets Surrendered
To partially satisfy the judgment, the Terrys will hand over assets recovered by the court-appointed Receiver, including:
- 8 luxury homes in New York, Nevada, Florida, and Dubai
- 13 high-end home lots near Las Vegas
- 19 luxury vehicles (Range Rovers, BMWs, Bentley, Rolls Royce)
- A yacht
- Expensive jewelry (including a 15-carat diamond ring and luxury watches)
These assets are valued at approximately $90 million. Liquidation is ongoing.
The remaining judgment amount is suspended based on their sworn financial statements. The Receiver will also return $1.36 million to the Terrys.
No Civil Penalty – Victim Redress Pending
Notably, the settlement contains no civil monetary penalty. Victim redress details have been provided to the FTC, but no final distribution plan has been announced yet.
The Terrys signed the agreement on April 1, 2026. Court approval is still pending.
Criminal Investigation Unconfirmed
While the FTC case is settled, the possibility of criminal charges by the Department of Justice remains. The Terrys previously invoked the Fifth Amendment during proceedings.
