Around ten days ago, the police intervened at a gala presentation of the IM Mastery Academy in Kirchberg. The academy is under suspicion for promoting paid training courses, which the authorities say have influenced some students to drop out of school.

On 28 May, the police intervened at a gala presentation of the IM Mastery Academy in Kirchberg, following concerns raised by several parents. The academy is suspected of promoting paid training courses that have influenced some students to drop out of school, according to the official police report.

Preliminary findings indicate that this entity appears to be targeting young secondary school students, enticing them with promises of stock market training in exchange for monthly payments. The police have warned that involvement with such "academies" can have detrimental consequences for young people, leading some to abandon their education in pursuit of quick and effortless money-making opportunities.

The managers of the IM Mastery Academy were arrested on the spot and questioned. "An investigation has been launched for, among other things, failure to obtain an establishment permit," the police said in a press release.

The initiation of the investigation has been reported to the Public Prosecutor's Office, which has subsequently issued an order for the seizure of relevant documents.

As the investigation progresses, the Luxembourg police have compiled a set of recommendations to safeguard individuals from potentially harmful activities associated with similar academies:

  • Fundamentally question business models that promise easy and quick financial gains.
  • Always check whether the company in question exists or whether it has received any negative feedback in the past.
  • In general, be sceptical when people contact you out of the blue or via messages on social networks to present business models or investment opportunities or tools.
  • Be aware that trading in forex products (currencies) and contracts for difference (CFDs) involves significant risks.
  • Remember that investments of this nature always carry the possibility of losing the money you have invested.
  • Only invest with institutions or companies that you are sure are serious business models.
  • Don't act too hastily: promises of major gains should always be subject to thorough analysis with the necessary knowledge.