In a 2016 interview with Terry, the CEO, Dooly seemed very impressed with IML. Nor did Troy Dooly, who Lowe said in a previous email was “overseeing” the latest version of the income disclosure statement.
Of note, while Morton claims in one of the posts above that there are more than 178 six- to eight-figure earners, the income disclosure statement appears to indicate that there are likely less than 50.Ĭurrent IML COO Kyle Lowe did not respond to a request for comment on this article. Morton likes to posts photos of himself in, on or near his Rolls Royce, and can frequently be seen on Instagram wearing more gold chains than Mr.
IM ACADEMY IBO CRACKED
In January, Godsey announced that his young son cracked Chairman 100 in an Instagram post that included a photo of dad sitting next to IML CEO Christopher Terry.Īnd what did Morton receive for his punishment for making inappropriate income claims last year? A promotion from vice president of sales to executive vice president. In fact, Godsey has only become more emboldened, making exaggerated earnings claims on another Insta account, He has also apparently enrolled his 5-year-old son as a distributor in violation of Section 2.2 of IML’s Policies & Procedures, “Becoming An IBO,” which states that applicants must be 18 or older. “Austin now understands the gravity of posting ‘out of this world’ claims and there is no excuse for it,” then-IML Chief Operating Officer Frank Gomez told in June 2018. Godsey removed several posts containing inappropriate income claims, along with the phrase “7 Figure Earner,” from an Instagram account, that he hasn’t posted on since March 2018. This time around, focused on some of IML’s top-earning distributors, including Ivan Tapia, Austin Godsey, Alex Morton, David Imonitie, Allan Badilla, Jason Brown and Matthew Rosa.įun fact about Godsey and Morton: They were also featured in ’s 2018 investigation. While the vast majority of those claims have been taken down, a new sampling by picks up right where the 2018 investigation left off, adding almost 100 deceptive earnings claims to the pile. first inquired about the missing income disclosure statement last year as part of an investigation into the marketing of the IML “opportunity” that uncovered dozens of inappropriate income claims. Oh, and IML didn’t even bother to run a spellcheck: “The IML IDS is designed to display trughful information regarding the income generated from the IML Compensation Plan,” the company states in the document. This includes Chairman 500, which somehow has one “Average Active IBO” despite having zero people at the rank, according to the “Numbers At This Rank” column. One might think that “Numbers At This Rank” would be a more inclusive group than “Average Active IBOs.” But for the majority of ranks, the number of “Average Active IBOs” is greater than the figure in the “Numbers At This Rank” column. What else? There is a column titled “Numbers At This Rank” and a column titled “Average Active IBOs,” with no indication of how IML is distinguishing these two categories of distributors. So the high, low and average should all be the same. For example, there is a different high, low and average annual income for Chairman 500, which would make sense if there were more than one person at that level, the highest rank in the IML compensation plan.
IM ACADEMY IBO HOW TO
How to sum up the iMarketsLive 2018 income disclosure statement? Confusing - to say the least. (Not to mention this figure doesn’t account for expenses, including, but not limited to, any monthly costs required to earn commissions.) And while there’s a whole lot wrong with the financial document, this much is certain: claims of wealth, time freedom and prosperity are inappropriate and misleading. When a new income disclosure statement was unveiled in April 2019, one thing became clear: 95 percent of IML distributors had averaged an income of less than $300 in 2018 - not exactly killing it. And according to many at the top of IML, distributors were living the life of their dreams. That meant that the only available information about what current and prospective distributors might expect to earn as an “independent business owner” with IML was coming directly from the company’s management team and distributors.
The financial document had become “obsolete,” the forex trading told in June 2018, so the company had it removed from its website. Editor’s Note: Updates have been posted at the end of this article.įor almost a year, a link to iMarketsLive’s income disclosure statement didn’t work.
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