Six arrests in Hyderabad. A front company barely two weeks off the registry. And underneath it all, the same network that has run under at least four different names for a quarter of a century.
For eight years, IM Mastery Academy sold young people a trading education backed by Bentleys and Bulgari watches. The FTC says the trainers had no trading records, the claims were baseless, and the lifestyle was the product. The receipts are now in receivership.
On April 25, 2026, Hyderabad police arrested a 61-year-old Country Sales Manager for Forever Living Imports India, alleging his operation pulled money from youth and housewives across multiple districts using three-tier packages and social media videos of a life nobody in the room was actually living. Police say the accounts they found held ₹3 crore (about $359,000 USD). The deputy commissioner says the real number is closer to ₹600 crore (about $71.8 million USD), spread across one lakh victims. That gap between those two figures is where this story lives.
The Department of Justice just opened the compensation window for OneCoin victims, but the math is brutal before you even file a claim. Here is what actually happened to your money, where it went, and what forty million dollars means when four billion is already gone.