“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
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The Dark Side of the Bitcoin Pharaoh
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