FTC and Nevada Sue IML for $1.2 Billion Fraud
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
FTC and Nevada Lawsuit Against IML: The FTC and the state of Nevada have filed a lawsuit against IM Mastery Academy (IML) for allegedly defrauding consumers out of $1.2 billion through deceptive cryptocurrency investment schemes, particularly targeting young and vulnerable individuals.
Regulatory Implications: This lawsuit may lead to increased scrutiny on similar educational platforms in the crypto space, reflecting a broader trend of regulatory crackdowns on fraudulent activities within the industry.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
