These sort of "academies" have been going on forever, and just ride the wave of whatever hype is hot at the time. 20 years ago, it was real-estate, penny stock

These sort of "academies" have been going on forever, and just ride the wave of whatever hype is hot at the time. 20 years ago, it was real-estate, penny stocks, membership clubs, and whatever. 15 years ago, it was online poker, MLM, e-commerce, drop shipping, etc. In the past 10 years it has been crypto, FX - mot mostly crypto. Usually it's the same people, or same group of people that operate these scams. These are not beginners - but experienced scammers that know each others. They tend to aim at poor / rural folks that are easily bedazzled by glitter and glam. If you've ever seen these clowns, they usually stroll onto stage in the most gaudy and gauche looking stuff imaginable - dinner suits with diamond studded lapels and loafers, diamond cane, largest wristwatch they can find. If you're from rural India / Cambodia / Azerbaijan / etc. you might thin that, wow, that's a legit millionaire - he/she/they must know what they're doing. And then pour your life savings into the products they're pushing. Here's a site for tracking this kind of garbage: https://behindmlm.com/ https://behindmlm.com/