Latest news with #IMAcademy
Bloomberg
09-07-2025
- Business
- Bloomberg
Inside an Online Trading Empire of Broken Dreams
IM Academy sold a dream of financial freedom—a dream that was especially attractive to young people desperate for a way out of workaday struggle and into a lifestyle of luxury. With seemingly easy-to-learn strategies on how to play the markets and a culture of belonging that included rock concert-like gatherings, the company and its founder Christopher Terry built a billion-dollar business with a deeply committed global following dedicated to getting rich. But as the US Federal Trade Commission and the State of Nevada would allege in a lawsuit filed in May, many of those young people came up short. Behind the promise of wealth lay instead a multilevel-marketing maze that prioritized recruiting new members over trading. As for success in the markets, while most members allegedly ended up in the red, Terry's adjutants used social media to flaunt their glamorous lifestyles. In this episode of Bloomberg Investigates, we trace the beginnings of both IM Academy and its founder, and how he went about building an empire of dreams.
Bloomberg
09-07-2025
- Business
- Bloomberg
IM Academy: Broken Dreams and Millions Lost
IM Academy sold a dream of financial freedom. But behind the glitz and glamor, some former members say it was a global multilevel-marketing maze that left them financially and emotionally devastated. (Source: Bloomberg)
