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The Federal Trade Commission and the State of Nevada are taking action to stop a wide-ranging investment training and business venture scam that has bilked consumers out of more than $1.2 billion. According to the complaint filed by the FTC and the Nevada Attorney General, the scam currently operates as IYOVIA and has also used the brand names IM Mastery Academy, iMarketsLive, and IM Academy (collectively, “IML”).
On Aug. 7, 2025, the FTC announced that three of the defendants, Global Dynasty Network, LLC, Jason Brown, and Matthew Rosa, agreed to a settlement of the allegations.
In August 2025, a U.S. District Court judge in Nevada has issued a preliminary injunction against the three companies that executed the IM Mastery Academy schemes and the two individuals who have led it, halting their activities and requiring them to preserve their assets.
Following settlements with several other defendants, in September 2025, the FTC announced proposed settlements with defendants Alex Morton and Brandon Boyd.
In May 2026, the FTC announced settlements with five individual and corporate IM Mastery Academy defendants, including ringleaders Chris and Isis Terry.
The Federal Trade Commission took action to protect American patients from higher outpatient surgery costs by requiring national nonprofit health system Ascension Health Alliance (Ascension) to divest several surgery center facilities to complete its proposed $3.9 billion acquisition of AmSurg LLC.
In October 2025, a federal court temporarily halted American Tax Service (ATS), an alleged tax debt relief scheme operated by Terrance Selb and Tyler Bennett following FTC and State of Nevada allegations that they impersonated government agencies, including the Internal Revenue Service, deceptively promised tax debt relief, sent threats to consumers about their debts and pocketed tens of millions of consumers’ dollars.
The defendants were ordered to surrender over $8 million in cash and turn over additional assets to settle the charges.
Under the proposed order, the defendants will also be banned from debt relief services, tax preparation services, telemarketing and impersonation of individuals, governments or businesses.