The FTC says company that pitched financial freedom scammed people out of $1 billion

Source: Business Insider

The FTC says IYOVIA, a financial training platform, was really a multi-level marketing scheme. Getty Images; Jenny Chang-Rodriguez/BIThe Federal Trade Commission filed a federal complaint accusing IYOVIA — formerly IM Academy — of running a "multi-level marketing scheme. "While the company touted promises of wealth, most people who joined actually lost significant money, the complaint said.