“Credulous acceptance of baloney can cost you money.” – Carl Sagan
“Money in minutes.” No trading experience required. “Copy, paste and profit.”
If getting rich were this easy, no one would give away their secrets – or even sell them for $400 a month.
But the IM Mastery Academy, its officers and sales team, have duped consumers out of $1.2 billion since 2018 with these cheesy pitches, according to a complaint filed by the Federal Trade Commission and the state of Nevada on Thursday.
The company, run by white people, has allegedly been preying on mostly youthful Blacks and Latinos all over the world with multilevel marketing schemes and bogus training courses, the complaint alleges.
“Most IML instructors are salespeople masquerading as top-notch investment professionals,” regulators allege.
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