The Trading ‘Cult’ Separating Children From Their Families | Cowboy Kings of Crypto
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- Опубліковано 22 тра 2024
- “You’re going to get rich! Your parents won’t understand! Nor will your friends! You are a visionary who is aligned with today’s times!”
Chris Terry, the elusive founder of the IM Academy, certainly knows what his audience wants to hear. Accused of brainwashing and being the first-ever crypto cult, many feel that IM Academy is actually a global pyramid scheme using cryptocurrency as a dangerous lure to suck in and squeeze money out of the world’s wide-eyed youth, selling dreams of both easy wealth and membership in a new world order?
In May of 2022, eight members of the Spanish chapter of the organization were arrested for fraud, misleading advertising, psychological coercion, the enticement of minors, and criminal organization. Will this Spanish scandal bring down the crypto cult or is it merely a speed bump on Christopher Terry’s road to riches.
This episode of Cowboy Kings of Crypto was made in 2022.
Watch more from this series:
From Child Star to Eccentric Crypto Billionaire: Brock Pierce
• From Child Star to Ecc...
The Dark Side of the Bitcoin Pharaoh
• The Dark Side of the B...
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How are people in 2024 still falling for these 💀💀💀.
I used to think the same but people are more susceptible than ever before. People are hurting right now in both finances and purpose. The economy is bad, future is bleek and the internet and social media has allowed for niche "interests/ideas" to take over. Fringe groups like this prey on people who are at places in life where they are weak and aimless. You'd think people are less likely due to being able to research something but know that "researching" is exactly what they're doing. Know that there are dissenting opinions on everything and we who think we wouldn't fall for this also listen to dissenting opinions that go against the grain all the time.
Lack of education.
because it works , video was made 2022 and is 2024 still around for 10 years
Because it all comes to how greedy people are for easy money duh which will never go away. Humans especially Americans are literally obsessed with money.
Most of those people were brown so, yeah.
there is no way i am trusting a grown ass man who still wears his hat like that
seriously 😂😂😂😂
Thats racist
I dunno what’s worse the backwards tilt or forward where it shows that he creased the brim with the ‘tism-grip
He's what we 90s old school folks call a 'Sleaze Ball'.
@@patrickdarby1371 that, and it looks 2 sizes too small loll
fun fact about rich people: they dont share information on how to become rich. Ever. If someone is, its a scam.
😂😂true, if a plan still work for them, they will never open their mouth.
They kinda do in a way but it's NOTHING like sitting in front of a computer talking crap.
@@OffGridInvestorThey only tell to other rich/wealthy folks or the 1%.
@@OffGridInvestor Why would they share that info and create competition? They only share it with their friends.
Lol at these poor simpletons thinking there is a magic pill that will allow you to become rich.
Nah, you just save more than you spend, it is just that simple. If you can "only" save something like 1000$/month or less then it might take two generations for your family tree to become rich. But as long as you save (and invest it in extremely risk averting way) you aren't losing it in pyramid schemes and other scams and your family tree will at some point be able to live off the interest and dividends.
Remember people - profitable traders don't spend their time/money hosting conventions and harassing you to join their pyramid scheme. They also don't ask you to recruit others to make money. If they could trade they would print money with trading and enjoy it privately. This guy preys on desperate and gullible people looking for a shortcut to money
A profitable trader would leverage their trades, with other peoples money and enjoy their profits without any risk.
IM is a fun way to learn with a littel trading hype, u go there to learn if u get distracted its your fault..
You guys all have some great points
Right on point!
Agreed but some profitable traders see education as a legit way to make money; not all trade educators are scammers but sadly most are
I always think if someone is out there "teaching" other people how to make money, then they themselves are most likely scamming people or can't make enough money themselves. If you'd made enough money you'd just live your life.
This is EXACTLY how I’ve always felt about the glaringly obvious flaws of pyramid schemes.
During more desperate tub, I almost signed with Primerica and looking back…the people who got sucked in were either just really, REALLY incompetent as a whole or so desperate to get rich quick they quite literally couldn’t even IMAGINE they were the reason they were getting sold dreams…to fulfill someone else’s 🤦🏽♀️.
Succinctly expressed my friend!!! ✨💯
I remember doing this interview years ago for you ❤️❤️. So happy people can now see !!
Ahhhhh yes & no. i’ve always loved sharing great information I found & helping the people. I would actually say if you find something that’s gold why would you selfishly only keep it to yourself?
I think your just projecting how utterly selfish you are.
If I am making that much money my self, I'd be just lying around not work at all, I'd be the reward of 15yrs of non stop hard work, the best part is no matter what others say, and even label it as selfish, I won't give an f*** , this is my peace, period.@@bobstoner8152
All cults/MLM/Pyramid schemes have a charismatic leader and crazy conferences...
" I always had the idea of making a lot of money from the young age." ... Dude 🤦
Right. I'm sure absolutely no one else ever thought of doing that.
Career goals
Crazy how at 5:55 he just perfectly describes a pyramid scheme 🤣🤣🤣
Most things in the world are a pyramid. But not all are a scheme.
Facts 😢
and this girl at 6:21 explained it also, lul
@@dizzydabz6905 What about circles? Circles are not pyramids
@@la7era1u54 sure the circle of life. But most things and businesses have a hierarchy system
5:00 "BITCOIN IS GOING CRAZYYYYYY.." (goes up literal cents)
Check the price lately? Was at 6.8k when this goofball filmed that. Don’t blame the tech for the degens that always use tech first. Internet didn’t go away when many respected and learned “experts” thought it would, and neither are digital currencies. It’s all over, neither prospecting administration is even opposed to their adoption into the larger financial system(which is rigged and broken). IM is a ponzi, crypto/blockchain is a tech.
leverage?
It was a 3 second clip. Is your argument that it never had great days? If it started that day at 4 or 5k and went to 6.8k then yeah it was going crazy. And it did over and over and still is as no coiners blood boils. Cope/seethe and delete this comment now, wouldn’t want dissenting opinions.
@@interactiveimprov6549 bro I own .002 bitcoin... and you are wayyyy too invested if you are trying to pick a fight in comments lmfao
First problem is Bitcoin price only changes every 8 mins to 25 mins when a block is solved
I'm honestly embarrassed to have ever been a part of this company. They taught me absolutely nothing about trading and pushed me to sell others to get commissions.
If you want to learn how to truly trade, do NOT go anywhere near this company!!
How were you stupid enough to join?
So other companies are better?
Or any other company for that matter
Or are you embarrassed you fell for a scam?
@@gone.golfing Gotim dude pat yourself on the back
Mindset like a billionaire = creepy asf.
Look around at who is a billionaire and you will see what is up.
I agree
Him being evil and ruining the lives of others, not seeing them as human beings, just things to be used and taken advantage of - he truly does have the mindset of a billionaire
Vice is right, Kids should just transition.
Billionaires are mostly narcissists or psychopaths. Sociopaths in the best case.
Yeah most are anti-human AF. You've maybe got a small handful of guys like Elon pushing back against it, but most billionaires think they know best what the population size should be, that we should get rid of people, prioritize green energy over the poorest people in third world countries being able to have affordable energy etc., lotta nasty billionaires.
As soon as I saw David Imonitie I knew it was a scam. This man moves from MLM to the next money scam as a career.
And Alex Morton from Vemma. Dude's a clown
It’s amazing that people are drawn into this kind of nonsense over and over again.
And when you say something about it they don’t agree because they swear you don’t know what your talking about and they do lol
charisma and stupidity is one hell of a combo
@@rera1386 They've been fed lines about how they're special, don't believe the negativity of others, don't let anyone criticise "your dreams" and it's all just designed to give them the tools to look passed all the red flags, to make them trust total strangers over their family and friends.
When people like Jordan belfort or Elizabeth Holmes could scam hardcore experienced venture capitalists easily, I don't see why ordinary people not suppose to fall for these scams.
well, it’s because trading is real and it is very beneficial if you dedicate yourself to it and master it ITS THE MLM THATS THE PROBLEM so they’re just selling one thing, but providing another 🤷🏾♂️ they just play off of the peoples ignorance
8 seconds in and 2 red flags tell me all I need to know...
🚩 - annoying, whiney voice
🚩 - speaks in 3rd person
😂😂😂 anyone who speaks in 3rd person is a complete psychopath. 😂
🤣🤣🤣🤣
and how the hell can someone out of shape talk about self improvement
I was out when I saw the tracksuit
@@howtoglowupfast lmao, I could smell the excessive cologne use through my phone's screen 😂😭
Where the f is @coffeezilla when you need him!! Bat sign activated😂🎉
☕🚨
When you don't know anything, then don't trust SCAMMERS !
how would someone like that tell a scammer from a none scammer?
@@spelt5664Everyone is a scammer. One way or another.
@@spelt5664get rich quick schemes have always been a scam since the beginning of time. If someone has a scheme that works, they are doing it themself not telling others.
@@spelt5664only experience. You have to get scammed to know a scammer
When...then. 😂🖕
Yeah my ex girlfriend was big into this mlm crypto toxic positivity stuff. When I realized how deep the mental game was and it was clear she’d leave me before this group I decided screw it, don’t know how to help her, yet another reason to end it with her. I really hope at this point she’s out there somewhere free from this garbage. Wish you the best always
LOL I started my journey in iMarkets Live 8 years ago, left after a few weeks of watching people drool over this guy and getting to “CHAIRMAN 100” lmfao.
Why can’t people who know how to trade just trade and be in peace .. if you can’t trade, then don’t 🤷♂️a scammer will eventually get exposed for fraud .. people won’t keep quiet for too long
Because money has taken over our society and fellow people harder than ever before. The kid at the start of this video literally provides no value to this world. He has a "Money Tree", his beads don't promote individual emotions or spiritual prosperity (as lame and stupid as spiritual prosperity sounds) they are "Business Promotion" Beads. I am not saying everyone has to provide value, thats dumb, but he solely exists for money.
All this to say is that money is not fulfilling. I WANT to be rich, but even if I had a billion dollars I would still feel unaccomplished because I HAVE DONE NOTHING. I'd be happy sure but unfulfilled. These athletes have grinded their entire life to get that money, old people generally worked most of their life to become wealthy afterwards, the reality of young rich people (not born into it) is a scam, it happens but its like the NBA, its so rare it probably won't happen, and definitely not through a course. The real problem is however that when it doesnt work out you are not left with a genuine work ethic or experience that you can apply to your next goal. It was just that you did not make money, or you did, but either way you are unfufilled because you truly know you did nothing for anyone on the earth
Just look at the target audience and those interviewed here: either young & broke or old & broke
I mean this is an extreme case but Bernie didn't get caught for a while
The ones who actually trade, do trade in peace. Those on IG etc that gaslight the less fortunate/desperate for cash into signing up to their CPA affiliation do it by flexing rentals, money and lifestyle in their face.
These ponzi operations, IG furu’s etc are the reason the industry is seen so toxic and negative.
UA-cam is deleting comments. Money is unfulfilling, if all you know is money. Then you are have no soul. For as much as money can buy happiness, it can’t buy fulfillment,
This has nothing to do with crypto, more like people keep falling for the same type of scam every year. They do the same concept for selling "life insurance" or "loans and mortgages."
The theological implications of naming your Ponzi "I AM" is pretty wild.
“You’re like the father I never had” Naaaa keep believing he’s still picking up milk from the corner store.
finally people are talking about this pyramid scheme which is 99% about recruiting people and 1% about the product. can we also talk about JIFU? same exact thing! heavily recruiting on social media with big focus on less literate people.
RIGHT Jifu, igenius, Akashx ALLLLLL OF THEM
I was truly saddened when I saw people from Switzerland falling for the same trap. We are supposed be smarter than that.
Knew a young guy that got sucked into this and ended up making a lot of money selling and installing commercial HVAC equipment. I guess he figured he could hussle just as hard working that and being his own boss.
New furnace= bigger scam than crypto? Lol
@@chrisE815 if you think crypto is a scam still I suggest you pull your head out from under that rock. Market cap is 2.7 trillion. It's not 2015 anymore.
Yeah hvac installation is actually real work and a real business. "Crypto" is nothing but a scam that was a magnet for the most and biggest scammers on the planet.
So focused hard in a real job and did well?? Are you trying to say he learned the importance of a work ethic from doing these person schemes? I'm willing to bet he was already taught that growing up or already knew that in order to achieve any kind of positive result from anything you have to apply yourself over time, perhaps spending time in these hype circles about fantasy promises and fantasy wealth just helped him realize that there's no there there, and that he would be much better off dedicating himself to a legitimate profession.
@@WindowsXP_logon_sound_25yrsago i think you missed the intended sarcasm of his comment
what a bunch of clueless adult children
AlwaysMarco has been schoolin us on these scammers for years now
People are so lost in this world 😢
Couple seconds into the video I know this people weren't the sharpest crayons in the box, people trading Pokémon cards are mostly to get rich over this pyramid scheme. They target kids who are naive and are looking to get rich quick with no sweat. The grease oil salesmen is not new is just evolving.
yep lol, can clearly see everyone who falls for this type of thing are not the sharpest tool in the box ey, crazy how dumb society is getting though
Been working in crypto for 7+ years and never heard of him.....
Lucky you
What a strange and ephemeral line of work.
What does your work involve? Do you look for potential future gains and invest for a company/group?
“Working” in crypto
Uh huh
@@silencos5974thinking tech development isn’t work…hmmm
i think this should be mass reposted in every language good job vice
Investing in alternative income streams that are independent of the government should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. Stocks, gold, silver, and virtual currencies are still attractive investments at the moment.
There are strategies that could be put in place for solid gains regardless of economy situation, but such execution is usually carried out by an investment specialist
I've been in touch with a financial analyst ever since I started investing. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders
Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.
Angela Lynn Shilling is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
This guy isnt a crypto cult. Its a forex cult. Please do some research
🎯🎯🎯🎯
Either way it's still a gambling cult. You have to have some serious brain issues to fall for that stuff.
Difference?
@@gone.golfing Google?
The principle is the same, but foreign exchange and cryptocurrency are not the same @@gone.golfing
I was apart of this IM academy in the USA for a year and to be honest it wasn’t bad. I don’t know if it was just my circumstance where I knew the coach/teacher personally but I was never forced to recruit people or recommend people for the course and all of our zoom calls where informative. The only downside was the price of the course which is why i eventually quit it after I felt like I learned enough to trade on my own. I honestly didn’t even know it was this worldwide.
completely agree. exactly the same in the UK.
The thing about pyramid scheme is that you luck out if you’re in a certain level in the pyramid.
The problem is after so many rounds of recruiting, the bottom of the pyramid is the most screwed and the biggest.
You were probably in the sweet spot.
Nicee, finally was waiting for this exposure.
This reminds me of Grant Cardones 10X conferences. I went to one because a friend invited me and it was garbage. I learned nothing and they push you to tell your friends and family about their conferences.
10x action is the key message, and abiding by the very simple principle can change a person's life... even 5x... few folks do 2x
Amway is like this.
Key points....
Positive feedback loops are inherently dangerous.
Never underestimate the power of stupid ppl in large groups. (No offense to the individuals that comprise the group, its the arena sized beach ball of ignorance they are batting around.)
Like college
@@lexvandewal8856 you should have finished high school
How are people in 2024 still falling for these 💀💀💀
Money "over night" :-)
Desperation and Ignorance.
Everybody thinks they're going to get out before the crash
Just look at the target audience and those interviewed here: either young & broke or old & broke
we can compare Networth and portfolios if you want to show it works. But guess what the world full of tards so cant help the stupid people
I left IML after the first week back in 2018. Crazy. I knew it was BS back then. I don't see how people stayed on.
I was almost pursued IML which is the same thing when I had no job or money coming out of high school, they wanted me to pay $350 a month
“If we were a scam it wouldn’t be legal and if it wouldn’t be legal we wouldn’t be doing it in 50 states”.
It’s that type of innocence/ignorance that gets you in trouble.
Sooner or later, it will be done for him. They’re watching him.
Amway has been around for decades. Their schtic was pushing audio cassette tapes. Once stupid gets a hold of the masses. Oh man its Joplin City and German father that locked his daughter in basement for polygenerational incest disgusting.
IM Academy is HUGE in Japan! I am losing my wife to it! Please help me!
Wow.
I couldn't imagine the most informed generation to be so easily brain-washed into these schemes.
However, the cost of living has just increased, markedly.
For those with assets, life is extraordinarily different and comfortable, compared to those who have to work for money to put food on the table.
In the UK, having an apartment to let sets you apart from the rest of the population.
Having two, makes you the one-eyed man in the land of the blind.
Wild how many people are so easy to brainwash. We never learn as a species.
Shows how greedy the world is. Because it all boils down to money.
The guy in the red hoodie named "Johnny" needs a desk chair. I believe he's using a kitchen chair to do his work. Sad! I'm not sure if his hard work is paying off.
THANK YOU CARLOS
GRACIAS CARLOS
How people are so gullible and stupid even after all the famous scams in the past.
Money. Why else?
I've been literally obsessed with crypto since 2017 and I've never heard of these guys
Despite all the info out there about MLM scams, people are still falling for it. You bring a person in, then they bring a person in…and on and on. That’s always a scam.
Someone at our uni used to be a recruiter. What was sad is that she was legit taking money from the most vulnerable demographics yet framing herself as a religious person lol. Now she runs her brand as if that never happened.
I love how yall put a merge sort algo at 1:11 like its some hacking lmao
Thinking you can outtrade(gamble) the market from your laptop is like thinking you can make an better electric car then Tesla in your home garage.
As a person who works in the automotive field, with vast knowledge of electrical engineering, you absolutely could build a better car than a Tesla, but the tools, knowledge and parts required would probably be about 6-10x the cost of just buying a Tesla. Could you? Absolutely. Should you? Only if that’s what you wanna do, not to mention licensing fees, headaches of legal issues etc.
Carles Tamayo, we are really proud of you ❤ Qué recuerdos del barco 😅 Eres un grande 👏🏻👏🏻
Blinded by greed.
If someone tells you they have all the answers and to just follow them, stay away.
Cause one 5% make rest are all sheeple who just blindly follow fake media knowledge.. 🤣
The fact that we get free videos on UA-cam by VICE is truly a gift; keeping the education and knowledge alive. 🙏
As soon as I heard the guy at the end use the term "network marketing", my jaw almost dropped. That is 100% the clean up term for a pyramid scheme.
What this is showing us is that the universe appears to exist as an infomercial.
there's a lot of people in this world stressing about trying to survive this dying capitalist nightmare. some of them get sold on impossible promises cause they don't know any better. Don't make fun of them, educate them better and arm them with the tools that they need to protect themselves.
Completely agree. A lot of people assume wrong that the people that fall for it are just stupid… When really the common factor is most are fallen on hard times and in a desperate, therefore vulnerable, point in their lives
i cant believe its 2024 and grown ass "traders" still playing around with candlesticks and goofy lines on chart. its amazing
2022 epi
people who use MacD, EMAs, magical fibonacci pulls, 🤮
what do the better traders use?
@@todorkolev7565 i trade and I wont trll u what i use or sell it to others. Its my edge. Now you the know difference between a "legit" trader and a goofball
@@todorkolev7565 Order flow.
Never trust anyone with two first names.
4:04 not the coffin kmaooo💀 I'm dead, its me in there after this lmao
Lucy is so brainwashed. I kinda feel bad for her.
Kids wanting easy money and no hard work.
THANKS
Its like we need an international reminder on a monthly basis on what a pyramid scheme is lol sad stuff
as a lone trader myself, groups are just pigeons. always fly together to eat cause they're weak creatures. a true trader knows what's the game like, and who are we playing with or against. the time taken to master the skillset, the personalised trading style, the mindset cannot be taught or inherit but nurture thru time like water sharpening the stone
New traders look for mentors to learn from & sadly many fall for these trade “communities”
rofl. Get a job :D
In this day and age of information availability to every dumdum through his phone to fall for a ponzi scheme you truly have to be a very very special person.
Thank you. Next: The Cult Of Scientology. Yes, again. and again,and again!
i hate greed...
Its 2024, if youre still scammed by this type of stuff then you should have been pushed out of the nest.
There's an old saying a sucker is born every day
I see you're not familiar with the concept of experience. You are not born with it. This is why they target the youngest people possible. Old people fall for different scams, that have been around for decades, and they were kicked out of the nest long ago. You have without a doubt fallen for scams aswell, and you will again in life, even if you are too dumb to understand it.
Ooo.. do an inside look at ICT.. Inner circle trader.. aka Michael Huddleston
Huddleston cant trade, he fucked up the robbins cup several times, he would be a good subject
all people on youtube telling you how to "make money" are scamming you. it is not hard. Any good trader would not be on youtube teaching trading....
@@w3w3w3 I feel like any good trader THAT IS ACTUALLY PROFITABLE would give all they know for free like instead of those courses. The trading space isn't something that's gatekept you just gotta know and follow the right people.
That poor kid in Canada is moving in the wrong direction if he wants to make 6 figures. Just get a real job buddy. Scammers like this love praying on low income and uneducated people. Heartbreaking.
Lol man these things NEVER FAIL
While there are some teens stuck with mobile phones and broken lifestyle. It is the parents sometimes, a high class phone should not even be given to a minor
How do most of you guys still make profit, even with the downturn of the economy and ever increasing life standards
Well, I picked the challenge to put my finances in order. Then I invested in cryptocurrency, stocks, through the assistance of my discretionary fund manager
Mrs Nancy Williams Laplace
This is correct, Nancy's strategy has normalized winning trades for me also and it’s a huge milestone for me looking back to how it all started..
Nancy is considered a key Crypto Strategist with one of the best copy Trading Portfolios and also very active in the cryptocurrency space.
I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $21k passively by just investing through an advisor, and I don't have to do much work. Inflation or no inflation, my finances remain secure. So I really don't blame people who panic.
“Always assume someone is listening.” -Christopher Terry
How many people did he say that to besides me. It was my first red flag.🚩
The integration of Revux into mainstream payment gateways is a strategic move with significant potential. Well done!
These kids literally get scammed on purpose to get attention on social media. Its obvious with alot of them.
Never heard of this. Is this a black thing?
There's always someone out there willing to take advantage of others at any cost.
The founder designed his cap to have the IM Academy logo off to the side, allowing it to show straight above his forehead and have the bill of the cap angled back and to the side. Absolute genius. Sign me up!
Do you know how frustrating it is to sell an honest course after all these scam artists?! I've spent almost a year writing what I feel to be something that can actually teach you how to trade under a strict, disciplined manner - only to get 1 sign up in the past 30 odd days. Mainly because people look at it and probably think I'm just like the majority of these other scammers. It's awful man! Depressing as heck! All I want to do is teach others the same way I learnt, and I charge a fraction of what all these "guru's" charge and they prefer to purchase from a fake than someone who is literally trying to help you, for a fraction of the price?! Hopefully people will notice me a bit more down the line. Thanks for shedding light on these kinda people though, it really helps the little guy out there!
Just looked up your course, looks really good! Watched the free module on your website and purchased your course. Always happy to help out the little guy 😉
Revux's commitment to a transparent fee structure is refreshing. No hidden costs - just what the crypto community needs!
People should remember the wise words
“Life is pain. Anyone telling you different is trying to sell you something”.
These people don't even understand the basics of investing.
I'm glad I have a sceptic mindset to a point... get rich quick mentality never ends well.
2:50 "If you want something different, you gotta do something different."
IM Academy saved my life. Thanks Chris Terry!
im not exited, IM blessed
I always 'miss' the part a former member says i did invest 100x and realised, or i got 00x. Always 'miss' that part 😅
I should’ve put my ig on there!
Waiting to see Chris Terry on American Greed
20:19 "it makes no sense" XDD it's exactly how MLM works, pure greed blindfolded people
It’s funny the first ad was Grant Cardon saying a lot of the same stuff ROTFL LOL
So much wisdom in these young people it's a kind of inspiring
Presale vibes with Revux - cool, sleek, and filled with potential.
If it was illegal we wouldn't do it. Of course, thats why there are zero murders! 🙄