The Cryptocurrency Cult Luring in Young People

Thousands of young people want to make a fortune in cryptos. IM Mastery Academy, a training institute, is under judicial investigation in Spain for mental manipulation and criminal conspiracy. We met the young survivors of a global scandal.
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IM has invested a lot of money to recruit new students across Europe. But behind the promises of success hides a company with dubious methods. 2 years ago, Luis, a student from Spain, was approached by a student of the academy on social networks. “Initially, I wanted to learn to be a trader. They twisted my brain and said first I had to create my own wealth, and if I could recruit other students, he would pay me a commission that I can then invest.” Once young investors tried to cut ties with the academy, they used harsh tactics to keep people enlisted. "​As soon as we want to leave, or if we doubt them, they say “have you thought about your parents, and their problems? What at first looked like a financial formation soon turned out to be a cult​.​” When families realize the scam, it is often too late. Maria Del Mar's son has slowly cut ties with her since joining the academy. "At first, I went to ask the police for help. I was even ready to file a complaint against my son so that they would go get him." Last April, the economic crime unit arrested 8 Spanish officials from IM Mastery Academy. The case is under investigation.
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[@peterzotti6430]

I was involved in a similar thing called Bitconect in 2015...

[@jeanclaudejunior]

I knew it! Cryptocurrency really is a scam

[@Solmaz_S]

Gold and silver are the way to go. They preserve your money. As for profit, well, how about honest work? Can't tell that to the young folk though. Sometimes you gotta let people learn it the hard way.

[@OPIXdotWORLD]

sounds like u r a parrot who actually knows very little

[@peterzotti6430]

Cryptocurrency is not a scam... if some dude get jailed for fraudulently selling cars or something you wouldnt say "cars are a scam" right??? Cryptocurrency is like everything else... depends on the people involved and whats going on... but just like volkswagen defrauded and scammed people with their cars... theres scams in crypto also.. you just have to warch out...

[@ovilondon3589]

This was a piramid scam build around crypto. Not the first not the last. Crypto is not a scam.

[@peterzotti6430]

@@ovilondon3589 👍

[@encryptico]

So, this isn't actually about crypto itself, it's more about how people are dragged and lured into it. Which is something that is done just like for any other "promising" and "how to be successful" stuff. This isn't exclusively for crypto.

[@Anareo]

its forex options trading. thats what IM academy is. i used their algorithm bot to make trades

[@cartoonsandcannabis]

Same DBs who followed Andrew Tate

[@RenegadeShepTheSpacer]

If they lose everything, that's a win-win.

[@LTJEAB13]

Lol a friend of mine tried getting me into forex. It’s all scams

[@NaimishBaranwal]

Now MLM gonna rule the other countries. 🤣🤣

[@npage.]

Looks like a classic MLM. These are common

[@jwatson9732]

If you can't figure out how trading works on your own without needing to be spoonfed, then you have no business doing it. You are going to end up getting scammed by something like this.

[@Anareo]

im academy is about forex and options trading. Its very easy to lose all your money in options.

[@AnonymousanonymousA]

Great job on the Perspectives of the Pandemic documentary, now do one on the *USA300 Pamdemic of the past decade* ?