8/3/2023 0 Comments Im academy logo![]() ![]() Management and exploitation of the venue is licensed and regulation of the activities is not overseen by the City Council. This prompted the City of Badalona to deny responsibility. Wondering why the City of Badalona was allowing a pyramid scheme under national investigation to hold a marketing event in a venue they owned, Publico reached out. The 12,760 capacity venue is owned by the government, specifically the City of Badalona. IM Beyond is booked to take place at the Palau Municipal d’Esports de Badalona. What’s surprising is the lack of action on the Spanish side. This reflects poorly on founder Christopher Terry’s business ethics but isn’t unexpected. We can see from its public response that IM Mastery Academy has no intention of halting promotion. ![]() One would think, in light of the arrests, that either IM Mastery Academy or Spanish authorities would move to cancel the event. IM Mastery Academy has been charging up to €400 EUR for tickets to its “IM Beyond” Barcelona event. The pyramid scheme is IM Mastery Academy, making the “investigation does not involve IM Academy directly” claim ring hollow.Īt least publicly, this is IM Mastery Academy abandoning its arrested Spanish leaders. The key takeaway here is that IM Mastery’s Spanish Leaders have been charged with promoting a pyramid scheme. It should go without saying that IM Mastery Academy not knowing what its leaders are getting up to in any country is nonsense. This is eerily similar to what Alex Morton got up to in Vemma, a pyramid scheme shut down by the FTC in 2015. The suspects have been charged with promoting a pyramid scheme, with the investigation uncovered targeting of students. Spain’s National Police made eight arrests in late March. IM Mastery Academy’s press-release, believed to have been issued on April 5th or 6th, is a response to the arrest of its “Awaken Dreamers” leaders. We are unable to make any further comments at this stage due to a legal process being in place. IM Academy, which has been trading successfully in the country for more than 5 years and operates across the world, is committed to complying fully with in-country market regulations. Whilst this investigation does not involve IM Academy directly due to the independent nature of their business activities, we take this situation very seriously and will of course cooperate fully with any assistance required by the authorities. IM Academy (IM) can confirm that a number of its independent business owners (IBOs) are currently subject to an investigation by the Spanish authorities. PRESS STATEMENT FROM IM ACADEMY IN RELATION TO INVESTIGATION INTO ITS INDEPENDENT BUSINESS OWNERS Nonetheless it’s enough to provide independent verification, as the quoted text is the same as I received Why IM Mastery Academy would issue a press-release and then quickly delete it is unclear. In the last 24 hours at least one Spanish publication has picked up the release:Įstrategias de Inversion provides a source link to Businesswire, which appears to have been deleted sometime in the last 24 hours. I wasn’t able to verify the document however, so I held off publication. I received notification of IM Mastery Academy’s response a few days ago. The reason appears to be money, with IM Mastery Academy boasting a sold out event in Barcelona this weekend. Following the arrest of its Spanish leaders, IM Mastery Academy has attempted to distance itself.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |