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.
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.FULL SYNOPSIS