FTC and Nevada Sue IML for Alleged Crypto Fraud
- The FTC and Nevada Attorney General sued IML for deceptive practices in crypto education.
- IML allegedly misled consumers about potential earnings from investment courses.
- Estimated damages from the alleged fraud exceed $1.2 billion.
- Promotional claims suggested earnings up to $750,000 annually; most earned far less.
- Only one in five clients reportedly earned more than $500.
The lawsuit against IML by the FTC and Nevada authorities highlights significant financial damages, estimated over $1.2 billion, due to misleading claims about potential earnings from their courses.
Source (2.6)https://hodl.press/ftc-and-nevada-sue-iml-crypto-academy/?rand=24434
