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Fact #45 PsychologyMoney

60%of customers stopped paying within a month, per data cited in the FTC's complaint

Internal data cited in an FTC complaint against a trading-education MLM showed roughly 60% of customers stopped paying within one month and about 90% within six months.

The FTC alleged the company charged up to $400 per month for training from people with no formal credentials. In a May 2026 settlement the defendants agreed to surrender nearly $90 million in assets against a $795.8 million judgment, without admitting the allegations.

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Source: US Federal Trade Commission · US Federal Trade Commission. Read more: mlm pyramid scheme · case file

Sources

  1. FTC, State of Nevada Take Action Against IM Mastery Academy for Deceiving Consumers. US Federal Trade Commission. Accessed 2026-09-17. Supports: The May 2025 complaint, the defendant names, the $1.2 billion figure, the $400/month training cost, the earnings claims, the college-campus targeting, the 60%/90% dropout statistics, the statutes cited and the Mufarrige quote.
  2. Lead Defendants in the IM Mastery Academy MLM Scheme to Turn Over Tens of Millions of Dollars in Assets to Settle FTC Charges. US Federal Trade Commission. Accessed 2026-09-17. Supports: The May 2026 settlement, the nearly $90 million in surrendered assets, the $795.8 million judgment, the itemised asset list, and the $100 million-plus total expected recovery.