The Trading ‘Cult’ Separating Children From Their Families | Cowboy Kings of Crypto

“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 Eccentric Crypto B...  

The Dark Side of the Bitcoin Pharaoh
   • The Dark Side of the Bitcoin Pharaoh ...  

Click here to subscribe to VICE: http://bit.ly/Subscribe-to-VICE

About VICE:
The Definitive Guide To Enlightening Information. From every corner of the planet, our immersive, caustic, ground-breaking and often bizarre stories have changed the way people think about culture, crime, art, parties, fashion, protest, the internet and other subjects that don't even have names yet. Browse the growing library and discover corners of the world you never knew existed. Welcome to VICE.

Connect with VICE:
Check out our full video catalog: http://bit.ly/VICE-Videos
Videos, daily editorial and more: http://vice.com
More videos from the VICE network: https://www.fb.com/vicevideo
Click here to get the best of VICE daily: http://bit.ly/1SquZ6v
Like VICE on Facebook: http://fb.com/vice
Follow VICE on Twitter:   / vice  
Follow us on Instagram:   / vice  
Follow us on TikTok: https://www.tiktok.com/@vice?lang=en

The VICE YouTube Network:
VICE:    / vice  
MUNCHIES:    / munchies  
VICE News:    / vicenews  
VICE TV:    / @vice-tv  
VICE Life:    / broadly  
Noisey:    / noisey  
Motherboard:    / motherboardtv  
VICE Sports:    / noc  
Waypoint:    / waypointvice