Alex Morton, Jason Brown, and Matthew Rosa extracted over $109 million combined as top promoters in Christopher Terry’s iMarketsLive fraud scheme, serving as the machinery that transformed false earnings claims into $1.242 billion in stolen funds. The Federal Trade Commission filed suit in May 2025 alleging these three promoters knew the vast majority of participants lost money yet continued making deceptive claims while coaching others on evading law enforcement detection.
Morton emerged as the operation’s highest earner at over $76 million, Brown and Rosa jointly pocketed $33 million through their shell company Global Dynasty Network, and together they helped Chris Terry target young people including minors while internal data showed 80 percent of participants earned less than $500 annually. All three settled with federal regulators in 2025, agreeing to monetary judgments totaling $112.2 million though only $12.5 million will ultimately be paid based on sworn financial statements.
Alex Morton: The $76 Million Vemma Veteran
Alex Morton served as Executive Vice President of Sales while extracting over $76 million according to the FTC complaint. Morton received up to $10,000 monthly in reimbursed expenses and “advised top salespeople on how to post deceptive earnings claims online in ways that will evade IML’s compliance program and law enforcement.”
Morton brought experience from Vemma, shut down by the FTC in 2015 as a $200 million pyramid scheme after targeting college students. When Morton commented about deceptive claims being “insanely absurd… It’s out of hand,” a salesperson responded: “But you posting a private jet and [Rolls Royce] doesn’t help lol.”
Morton settled for a $76.2 million judgment with $10 million paid and is permanently banned from multilevel marketing of trading-training services.
Alex Morton jumped to JIFU MLM in late 2024 before the FTC lawsuit, where he rebuilt the same fraud operation with mostly the same people. The Direct Selling Self-Regulatory Council initiated an inquiry into JIFU’s deceptive earnings claims in March 2025. Despite his settlement, Morton posted on Instagram in September 2025 that he continues hosting “mastermind calls” for “students,” adding “This post has nothing to do with trading training services and is solely for inspirational purposes.” He must cooperate with the ongoing prosecution of Chris and Isis Terry.
Jason Brown: Fake Reviews and Silencing Critics
Jason Brown served as Vice President of Field Operations while co-owning Global Dynasty Network LLC with Matthew Rosa, receiving over $33 million according to FTC filings. Brown “hired a third party to post fake positive reviews about IML under a pseudonym” and “directed IML’s compliance consultant to find ways to disable the social media accounts of individuals who have criticized IML’s practices online.”
When shown evidence of targeting young Black consumers, Brown responded “Lol” to a May 2019 text explaining: “Because the demographic is blacks bro[.] They need to see a [Black person] come up.” The salesperson suggested promoting “highest paid African American in industry,” which IML implemented through promoter David Imonitie.
Brown and Rosa settled for $36 million with $2.5 million paid and must cooperate with ongoing prosecution of Chris and Isis Terry.
Jason Brown launched ZiNRAi, a new MLM selling “financial literacy” courses on forex, cryptocurrency, digital marketing and e-commerce for $199.95 plus $184.95-$249.95 every 28 days. The company hides Brown’s ownership from consumers, likely due to his August 2025 settlement requiring him to notify all employees and representatives about the FTC order for three years. Rosa has not been linked to ZiNRAi, suggesting Brown struck out alone after their partnership ended.
Matthew Rosa and Brandon Boyd
Matthew Rosa made deceptive earnings claims while aware of “numerous deceptive earnings claims made by other salespeople.” He “advised top salespeople on how to post deceptive earnings claims online in ways that will evade law enforcement” and coached salespeople on telemarketing using false promises.
When Chris Terry warned in November 2021 about “extremely high” risk from income claims, Rosa suggested making deceptive videos private to evade detection.
Matt Rosa settled with Brown for $36 million total with only $2.5 million paid based on their March 2025 financial statements. He must cooperate with ongoing prosecution of Chris and Isis Terry and is permanently prohibited from making misleading earnings claims. Unlike Brown, Rosa has not been publicly linked to any new MLM ventures since the settlement.
Brandon Boyd worked as instructor despite having no licenses and a single $1,600 trading account. His training consisted entirely of watching IML videos according to discovery responses. Boyd settled for $6.3 million with $500,000 paid.
Brandon Boyd is permanently banned from providing, assisting others in providing, or representing that he can provide education or instruction relating to any trading-training services. The court entered his settlement order on August 20, 2025. Like other defendants, Boyd could owe the full $6.3 million judgment if found to have lied about his finances.
Conclusion
Between 2018 and 2023, 21 top salespeople—collectively paid over $242 million—repeatedly made deceptive earnings claims. Rather than terminating them, Chris Terry continued lucrative payouts to Morton, Brown, Rosa, Boyd and others while victims lost money on worthless training.
The settlements accomplished nothing. Morton jumped to JIFU before the lawsuit even landed, rebuilding the same fraud with the same tactics targeting the same demographics. Brown launched ZiNRAi in September 2025, hiding his ownership while selling the identical financial education scam that cost him a $36 million judgment. Despite paying only $13 million of $118.5 million in combined judgments, all three remain free to operate new ventures.
The pattern is clear: regulatory settlements without criminal prosecution allow serial MLM fraudsters to simply rebrand and continue. Morton, Brown, and Rosa demonstrated that a lifetime ban from trading education means nothing when you can sell “financial literacy” or “personal development” instead. Anyone considering JIFU, ZiNRAi, or any future venture involving these three should remember they collectively stole over $109 million from iMarketsLive victims and faced zero jail time.
They faced no jail time because they chose to cooperate in the prosecution of Chris Terry & Iris Terry when once upon a time they all praised because they lifestyle changed for the better lmao
The article says this: Unlike Brown, Rosa has not been publicly linked to any new MLM ventures since the settlement. But Matthew Rosa is active in JIFU.