Trial against the ‘crypto-sect’ who captured minors with the promise to make them stock market rich

Under the guise of an investment academy, IM Mastery Academy came to attract around 30,000 young people (some of them minors) promising to become genuine Wall Street brokers if they followed a few tips. First, it was paying a fee and then, rather than training them in investment, they were psychologically pressured to capture new 'fits' to the cause by making them believe that they would multiply their profits. That’s the RedUne version, the net…

The hook, launched on social networks, was to become rich soon. The goal: young unwary. The method: some online courses in which the students would supposedly acquire very advanced knowledge of buying and selling financial assets and authentic Russian roulettes on the stock market but which, for the most part, led investors to lose their money. The judge has opened a trial against a plot that, after the parapet of a training academy, was directe…

"I am from Cadiz and it is the first time I see it." It is one of the many comments on social networks that have been read before the image of hundreds of young people surrounding a cross with candles on the beach. An unusual image in a city, Cadiz, where so many things happen out of the ordinary. "As in the barbecues" of the trophy. "It looks like a sect", they come to say. But it has explanation, is that hundreds of young people from all over …

The judge believes that those responsible for the American company committed crimes such as psychological coercion, threats and fraud.

The judge prosecutes them, among other crimes, for psychological coercion and points out that part of his strategy was based on "social pressure"