PANews reported on May 3 that on May 3, the U.S. Federal Trade Commission (FTC) and the state of Nevada filed a lawsuit against a company called IML on May 2, accusing it of defrauding a total of approximately $1.2 billion since 2018 through false advertising of cryptocurrency, foreign exchange, binary options and stock trading courses. The company has operated under multiple names such as IM Mastery Academy and iMarketsLive. (TheBlock)
FTC accuses IYOVIA of defrauding more than $1.2 billion through training courses such as crypto investment since 2018
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