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According to Techub News and reported by The Block, the Federal Trade Commission (FTC) of the United States, along with the state of Nevada, filed a lawsuit on May 2 against a company named IML, accusing it of defrauding approximately $1.2 billion since 2018 through false advertising of Crypto Assets, forex, Options, and stock trading courses. The company operated under several names, including IYOVIA, IM Mastery Academy, iMarketsLive, and IM Academy.

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