How a Trading Academy Ruined Thousands of Young People’s Lives | Bloomberg Investigates

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IM Academy sold a dream of financial freedom. But behind the glitz and glamor, former members say it was a global multilevel-marketing maze that prioritized recruiting over trading. Led by a self-proclaimed trading guru, IM Academy wasn't just promising a path to wealth, but a higher calling. While the IM leaders flaunted their luxury lifestyles, some members said they were left with financial and emotional devastation. Read more: How the ‘Harvard of Trading’ Ruined Thousands of Young People’s Lives https://www.bloomberg.com/news/features/2024-05-14/the-stock-market-multilevel-marketing-company-for-teens?utm_medium=social&utm_source=youtube&utm_campaign=originals&utm_content=article IM Academy promises a Wall Street education. But instead of riches, many of its members have lost everything. Bloomberg Investigates is an award-winning series that sets out to uncover the truth behind some of the most powerful stories from around the world. Watch more: https://www.youtube.com/playlist?list=PLqq4LnWs3olVK53n-XDSRF10i6THmbCEx The tale of Brazil’s largest bank robbery: https://youtu.be/i8yIMoW5nVY?si=GsE7dVH-IA0QU2O9 #Documentary #Trading #Business -------- Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1 Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: https://www.bloomberg.com/subscriptions?in_source=YoutubeOriginals Bloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you’ve never seen it. Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world. Visit our partner channel Bloomberg News for global news and insight in an instant.