Bloomberg Originals
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The Trading Guru and His Money-Losing Disciples
Posted
May 14, 2024
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May 14, 2024
220,116
3,767
453
1.92%
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8:41Now PlayingIM Academy was a global phenomenon, claiming it could make anyone a top trader. Its founder, Chris Terry, a self-made trader turned multimillionaire who flaunted luxury cars, private jets and apartments across continents, said IM was more than just a path to financial freedom. It was a worldview. While Terry has made millions, 94% of IM's members lose money. Now, the company is under investigation.
Read more about the IM Academy saga on Bloomberg:
IM Academy promises a Wall Street education. But instead of riches, many of its members have lost everything.
When Patrice Rechards entered the Rotterdam arena, pop songs were pumping, strobe lights were blinding and she could feel God running through her. She’d grown up in a relatively poor and religious Surinamese-Dutch family in Amsterdam, and she’d always known she had a higher purpose. But it wasn’t until she discovered IM Academy that she figured out what that was. Since joining the financial education platform three months earlier, the 26-year-old had learned how to trade options, crypto, stocks and foreign currencies, all in pursuit of getting rich—and she would soon share those lessons with others. Along with 15,000 other young IM members from all over Europe, she’d made the pilgrimage last spring for a three-day conference to see Chris Terry, their guru and the chief executive officer of IM, in the flesh.
Keep reading on Bloomberg.com. How the ‘Harvard of Trading’ Ruined Thousands of Young People’s Lives
#MLM #Business #Documentary
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